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Uniswap’s Native Token Surges 17% on Robinhood Listing

Thu, 07/14/2022 - 18:38
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Alex Dovbnya
The popular trading app has added a new cryptocurrency
Uniswap’s Native Token Surges 17% on Robinhood Listing
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Trading app Robinhood has announced the listing of Uniswap’s native UNI token, according to a July 14 announcement.

The cryptocurrency is up roughly 18% over the past 24 hours, according to data provided by CoinMarketCap.  

In other news, the supporters of Floki Inu, one of the Dogecoin offshoots, recently created a petition in order to list the token.

In April, Robinhood listed Polygon (MATIC), Solana (SOL), and Compound (COMP) together with meme coin Shiba Inu. In late June, the trading app also listed Chainlink (LINK).

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Robinhood initially added support for zero-fee crypto trading back in February 2018. Bitcoin and Ethereum were available for the app’s users right from the start. Later, it also added support for several altcoins, including meme cryptocurrency Dogecoin.

The addition of the new cryptocurrencies over the past few months shows that Robinhood has probably related its conservative listing policy to woo more customers.

Robinhood was launched back in 2013 as a zero-free alternative to traditional brokerage services. The app attracted plenty of mainstream attention during the GameStop sage in early 2021. It also benefited from the Dogecoin mania which contributed to a huge boost in the company’s revenue.

Robinhood eventually went public in July. Its shares are currently down more than 76% since its debut.

In June, Bloomberg reported that FTX was seeking a path to acquire Robinhood, but the high-flying cryptocurrency exchange denied that there was a deal in the making.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at