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June 28, 2022

Robinhood Has Listed Chainlink (LINK)

Chainlink (LINK) has been added to Robinhood cryptocurrency trading platform. When it was first launched, the exchange was only able to handle tokens such as the Shiba Inu, Solana (SOL), and Polygon (POLY) (MATIC).

The listing was announced by Robinhood through Twitter. Chainlink’s price has risen by roughly 5% since then. At the time of this writing, LINK is trading at $7.01 per token. The 24-hour trading volume of Token has increased by over 50% to $605 million.

With a market worth of nearly $3.2 billion, Chainlink is the 22nd most valuable cryptocurrency. The token’s future might be greatly aided by this recent listing. Some tokens, like LINk, made it through the current market crash. In the last 30 days, it has fallen by a meager 4%.

Chainlink revealed earlier last month that PancakeSwap has incorporated Chainlink keepers into the BNB network. Automating the CAKE/USD prediction market will make it more safe for customers. The Chainlink price data was previously incorporated to assist safeguard the prediction market, according to the report.

Meanwhile, 15 separate Chainlink services were integrated last week over 5 different chains, totaling 15 integrations. Ethereum, BNB chain, Avalanche, Moonbeam, and Polygon are just a few of the prominent chains on this list. Hybrid smart contracts are the goal of this project, which is geared at Web3 developers.

A report claims that Sam Bankman-FTX Fried’s wants to purchase Robinhood. This is a topic of debate inside the exchange. However, no official announcement has been made in this regard.

The FTX has not yet approached Robinhood with an acquisition offer. In the meanwhile, the share price of Robinhood has increased by nearly 25% in the last 5 days. It is now selling for an average of $9.03 per unit. Its stock, on the other hand, has fallen by 76% since it became public.

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When asked about a potential relationship with the Crypto exchange, Bankman Fried said that they are open to the idea. In spite of this, there are no active debates on the subject.