Cardano (ADA) Now Listed by Robinhood

Online brokerage platform Robinhood announced Thursday that it had added support for the Cardano (ADA) cryptocurrency.

The Nasdaq-listed company has significantly expanded the list of available cryptocurrencies this year after refraining from listing new digital tokens for a long period of time.    

The latest listing comes onnnnnnnnnnnnnnn the cusp of Cardano’s Vasil upgrade, which is expected to finally take place this September, according to founder Charles Hoskinson. 

The ADA token is still down  0.4% in spite of the Robinhood listing. 

As reported by U.Today, Robinhood added meme coin Shiba Inu (SHIB) in April after a petition to list the token surpassed half a million signatures. The commission-free investing app also enabled support for Polygon (MATIC), Solana (SOL) and Compound (COMP) that month. 

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In late June, Robinhood listed Chainlink (LINK), the native token of the oracle application of the same name. 

On Wednesday, the popular trading platform also launched MATIC deposits and withdrawals on the Polygon network in order to ensure cheaper fees and faster transactions.   

After riding the bull market wave in 2021, Robinhood saw its shared plummeting in 2021. The company recently said that it had fired a quarter of its staff due to the unfavorable economic climate.     

The HOOD stock is down 1.36% in pre-market trading.