Solana (SOL) finally gets listed on Robinhood

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Solana

Solana (SOL) has achieved a major milestone as one of the four tokens listed on popular retail crypto trading platform Robinhood. The trading website added specific pages for Solana, Shiba Inu, Polygon and Compound today. 

This development represents a huge one for Solana which has experienced massive growth in the past 12 months. According to Robinhood, users will be able to sign up to buy or sell Solana within its platform. 

This developments comes after Swiss asset manager Valour Inc, a subsidiary of DeFi Technologies Inc., announced the launch of the trading of Valour Cardano (ADA), Valour Polkadot (DOT) and Valour Solana (SOL) on the Euronext exchanges in Paris and Amsterdam. According to the release, the ETPs will offer retail investors secured access to Cardano (ADA), Polkadot (DOT) and Solana (SOL) tokens through their designated bank or broker. This will eliminate the need for a cryptocurrency wallet.

Solana is regarded as one of the fastest-growing blockchain that offers fast transactions at low speeds and has become one of the go-fo protocols for DeFi and NFT platforms. Unsurprisingly the news of the listing has been greeted with excitement from the Solana community with many hoping it can trigger the beginning of a bullish run. 

Solana turns green following listing 

Solana (SOL) is trading in green with the token up by 3% in the last 24 hours. Although the current price changes do not tell the true story. The token is down 21% in the past seven days due to the bearish trend that has engulfed the crypto market. 

Nevertheless, there are signs of respite with more developments lined up for the blockchain protocol in the coming weeks. It will be interesting to see how the crypto market reacts to this news in the coming days.