Beginning today, New Yorkers can trade SHIB, COMP and AVAX on the Robinhood app.
The latest batch of listings bring Robinhood's total number of tradable tokens in the Empire State to 11: New Yorkers can buy and sell bitcoin , ether , dogecoin , Shiba Inu, Avalanche, bitcoin cash , chainlink , litecoin , ethereum classic , aave and compound, according to the company's email to New York residents, which was seen by The Block.
This isn't the first time Robinhood has shaken up its cryptocurrency offerings. Last June, the trading platform delisted three token cryptocurrencies — Cardano , Polygon , and Solana — shortly after the U.S. Securities and Exchange Commission declared them securities. AVAX, SHIB and COMP fell modestly on the news, with their prices ticking down between roughly 2% and 4%, The Block's price data shows. AVAX is trading at $37.48 as of the time of writing, while SHIB and COMP are trading at $0.000026 and $58.35, respectively.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space.
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