Trading app Robinhood said in an announcement on July 14. of Uniswap local altcoin of UNI announced it was listed.
UniSwap Altcoin UNI Gains Over 6 Percent After Robinhood Listing
According to data provided by CoinMarketCap, the UNI price has increased by about 6% after the news was announced and is trading at $6.97 at the time of this writing.
UNI, which is in the important resistance zone at $ 7, can climb up to the $ 8 band with the break of this level.
On the other hand, one of the Dogecoin derivatives Floki Inu’s supporters recently created a Change.org petition for the token to be listed on Robinhood.
Robinhood in April with meme coin Shiba Inu Polygon (MATIC), Solana (LEFT) and Compound (COMP) had listed. Investment application at the end of June, Chainlink (LINK) also listed.
Robinhood first added support for zero-fee crypto trading to its app in February 2018. Bitcoin and Ethereum were available to users of the app from the very beginning. Then the breast cryptocurrency unit of dogecoin Added support for several altcoins, including
UNI is now on Robinhood @Uniswap #CryptoListing https://t.co/KBoYMziAyc
— Robinhood (@RobinhoodApp) July 14, 2022
The fact that it has listed many cryptocurrencies on exchanges in the last few months can be interpreted as Robinhood stretching its conservative listing rules a little to attract more customers.
Robinhood was launched in 2013 as a zero-fee alternative to traditional brokerage services.
The app gained a lot of mainstream attention during the GameStop event in early 2021. It also benefited from the Dogecoin craze, which contributed to a massive increase in the company’s revenue.
Robinhood finally went public last July. The company’s shares have lost more than 76% since its debut.
*Not investment advice.