According to a recent tweet, the stock brokerage app Robinhood has made transfers for Aave (AAVE), Stellar (XLM), and Tezos (XTZ) possible. These tokens can now be sent and received on Robinhood by users.
This year saw widespread adoption in the crypto-sphere. Popular trading platform Robinhood later added several different cryptocurrencies and increased its market share. During this time, rumors that Robinhood would be purchased by the cryptocurrency exchange FTX started to circulate. The platform set out on a new adventure as those rumors were put to rest.
The native cryptocurrency of Stellar, a blockchain-based payment network, is Stellar Lumens (XLM), while AAVE is the original asset of Aave, a decentralized finance protocol that enables crypto lending and borrowing. The native coin of Tezos, an open-source blockchain that supports peer-to-peer transactions and works as a deployment platform for smart contracts, is called XTZ.
Avalanche (AVAX) transfers were made possible last September when Stellar (XLM) and AVAX were both listed on Robinhood in August. Even though the trading platform initially seemed to take a cautious approach to listing digital assets, its cryptocurrency offering has significantly risen this year.
Robinhood lists AAVE and XTZ
The major stock trading firm added the DeFi cryptocurrency AAVE earlier this week, according to a tweet from the Robinhood account. The token’s placement alongside Tezos (XTZ) was made known by a cryptocurrency listing bot. On the official Robinhood website, both coins are now visible.
Earlier this month, USD Coin (USDC), the second-largest stablecoin by market capitalization, was listed on Robinhood. The overall number of cryptocurrencies supported by Robinhood is 19, including the first stablecoin, USDC, as well as Bitcoin, Ethereum, Litecoin, ADA and Dogecoin.
The company has launched a number of additional coins this year, including Shiba Inu, Polygon, Solana, and Chainlink, bringing the platform’s total number of cryptocurrencies in its portfolio to 19.
However, the SHIB listing on the well-known trading platform Robinhood was unquestionably a huge milestone. The Shiba Inu community wanted its preferred token to be featured also as a result of the rising interest in Dogecoin [DOGE] on the platform. As a result, several tweets and even a petition were created pleading with Robinhood to include the meme coin. Finally, SHIB obtained one of the most sought-after listings on 12 April 2022.