Tuesday, October 4, 2022

Robinhood Lists Chainlink (LINK), As Token Price Shoots By 5%

Chainlink (LINK) is the latest token to be listed on the popular cryptocurrency exchange platform, Robinhood. The listing follows after a series of recent additions which includes popular tokens like Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB). 

Chainlink (LINK) Surges By 5%, Continues Integration Efforts

Meanwhile, following the announcement by Robinhood, the price of LINK was quick to react in kind, surging by about 5%. As of publication though, LINK has retraced and is trading at $6.58, Per CoinMarketCap data. Additionally, the token’s 24-hour trading volume has also gone up by nearly 50%, bringing its 24-hour trading volume to $598 million.

Interestingly, Chainlink is the 23rd largest cryptocurrency by market capitalization (over $3.07 billion). And recently, the token has been proving its potential, especially seeing how it survived the crypto market crash that wiped out a countless number of tokens. Matter of fact, LINK is only 4% down in the last 30 days. An impressive feat when compared with many other coins.

Meanwhile, Chainlink has been making some notable moves in recent times, integrating across the board. First off,  it announced that PancakeSwap has integrated its keepers on the BNB chain. That was some weeks ago. Additionally, at least 15 other different integrations of Chainlink services were carried out last week, involving no less than 5 different chains. They include; Ethereum, Polygon, Moonbeam, BNB chain, and Avalanche. Moonbeam, and Polygon.

FTX May Acquire Robinhood

Meanwhile, in closely-related news, reports claim that FTX exchange is in talks over the acquisition of Robinhood. However, official announcements are yet to be released in that regard as FTX is yet to come forward with the buyout price.

Speaking in an interview, the CEO of FTX, Sam Bankman-Fried has also confirmed that there’s an ongoing partnership with Robinhood. But according to him, talks are yet to enter into advanced stages. 

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