Robinhood continues to expand its cryptocurrency offerings, giving users more opportunities to diversify their digital asset portfolios. The platform has officially added four new crypto assets—Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB)—now available for buying and selling through Robinhood Crypto.
This move comes in direct response to consistent user demand. Over the past year, Robinhood customers have voiced two primary requests: broader access to cryptocurrencies and the ability to send and receive tokens. While the company recently rolled out its long-awaited crypto wallet feature to over two million waitlisted users, this latest update addresses the second key demand—expanding asset selection.
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Steve Quirk, Chief Brokerage Officer at Robinhood, emphasized the company’s commitment to safety and education:
“We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto. As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform.”
These newly listed assets are now live on the Robinhood app. While immediate deposit and withdrawal functionality isn’t yet supported for these tokens, the feature is expected to roll out in the near future.
Let’s explore each of these additions in detail.
Compound (COMP)
Compound (COMP) is an algorithmic, autonomous interest rate protocol designed for developers building open financial applications. Launched in 2017 by entrepreneurs Robert Leshner and Geoffrey Hayes, Compound operates on the Ethereum blockchain and enables users to earn interest by depositing crypto into shared lending pools that borrowers can access.
At the heart of the platform is COMP, an Ethereum-based governance token. Holders of COMP can propose and vote on changes to the protocol, making it a decentralized autonomous organization (DAO). Users earn COMP tokens as rewards for lending or borrowing supported assets within the ecosystem.
With a capped supply of 10 million COMP, scarcity is built into the tokenomics, potentially increasing long-term value as adoption grows. As decentralized finance (DeFi) continues to gain traction, Compound remains a foundational player in lending and borrowing protocols.
Polygon (MATIC)
Polygon (MATIC) is the native cryptocurrency of Polygon, a decentralized Proof-of-Stake (PoS) blockchain originally launched as Matic Network in 2017. Founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic, Polygon functions as a scalable sidechain solution for Ethereum, inheriting its security while dramatically improving speed and cost-efficiency.
Polygon boasts impressive performance metrics—claiming the ability to process up to 65,000 transactions per second with fees costing less than a cent. This makes it a powerful infrastructure layer for decentralized applications (DApps), NFT marketplaces, and Web3 projects seeking fast and affordable transactions.
The MATIC token serves multiple purposes: paying transaction fees, staking to secure the network, and participating in governance decisions. Its maximum supply is capped at 10 billion tokens, ensuring predictable inflation dynamics.
It's worth noting that MATIC exists on both Ethereum and the Polygon network. When users purchase or transfer MATIC through Robinhood, their holdings may be split across both blockchains depending on network conditions and availability.
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Shiba Inu (SHIB)
Shiba Inu (SHIB) is an Ethereum-based ERC-20 token launched in August 2020 by an anonymous creator or group known as Ryoshi. Marketed initially as a “Dogecoin killer,” SHIB quickly gained popularity due to its meme-inspired branding and vibrant community-driven development.
Unlike many utility-focused cryptos, Shiba Inu was created as an experiment in decentralized community building. Its founders emphasized organic growth, distributing large portions of the supply to early adopters and even sending half of the total supply to Ethereum co-founder Vitalik Buterin—who later burned a significant portion, adding scarcity and media attention.
With no hard cap on supply—though effectively limited due to burns—SHIB relies heavily on community engagement and ecosystem expansion. Over time, the Shiba Inu project has evolved beyond a meme coin, launching its own decentralized exchange (ShibaSwap) and exploring NFTs and metaverse integrations.
Despite its speculative nature, SHIB remains one of the most recognized cryptocurrencies among retail investors.
Solana (SOL)
Solana (SOL) is the native token of Solana, a high-performance, decentralized Proof-of-Stake blockchain designed for scalable and user-friendly decentralized applications (DApps). Founded in 2017 by Anatoly Yakovenko and officially launched in March 2020 by Solana Foundation (Geneva) and Solana Labs (San Francisco), Solana has emerged as a leading competitor to Ethereum.
What sets Solana apart is its unique hybrid consensus mechanism combining Proof-of-Stake (PoS) with Proof-of-History (PoH)—a cryptographic clock that timestamps transactions before they’re processed. This innovation allows Solana to achieve blazing-fast speeds of up to 65,000 transactions per second, with minimal fees.
Unlike COMP and MATIC, SOL has no maximum supply, meaning new tokens are continuously minted through staking rewards. However, inflation rates are adjusted algorithmically to balance network security and economic sustainability.
Solana has become a hub for DeFi, NFTs, and Web3 innovation, hosting thousands of projects across its ecosystem. Its performance and developer-friendly environment make it a favorite among builders and investors alike.
Frequently Asked Questions
Q: Can I withdraw or send these new cryptocurrencies from Robinhood yet?
A: Not immediately. Deposit and withdrawal functionality for COMP, MATIC, SOL, and SHIB will be available soon. For now, users can only buy and sell these assets within the app.
Q: Why did Robinhood choose these four specific cryptocurrencies?
A: These assets were selected based on customer demand, market activity, security assessments, and adherence to Robinhood’s listing framework focused on safety and transparency.
Q: Is Shiba Inu considered a serious investment despite being a meme coin?
A: While SHIB started as a meme-based token, it has developed a growing ecosystem including DeFi tools and community initiatives. As with any crypto investment, thorough research and risk assessment are recommended.
Q: How does Solana achieve such high transaction speeds?
A: Solana uses Proof-of-History (PoH) alongside Proof-of-Stake (PoS) to streamline transaction ordering and validation, enabling faster processing without sacrificing decentralization.
Q: Are there supply limits for all four new tokens?
A: COMP has a max supply of 10 million; MATIC is capped at 10 billion; SHIB has no official cap but large burns have reduced circulating supply; SOL has no maximum supply.
Q: Where can I learn more about buying crypto on Robinhood?
A: Educational resources are available directly through Robinhood’s support center for beginners and experienced traders alike.
Final Thoughts
The addition of Compound, Polygon, Solana, and Shiba Inu marks another step forward in Robinhood’s mission to democratize access to digital assets. By responding directly to user feedback and maintaining strict evaluation standards, the platform strengthens its position in the evolving crypto landscape.
Whether you're interested in DeFi innovation with COMP, scalable infrastructure with MATIC, high-speed DApps on SOL, or community-powered movements like SHIB, these listings offer something for every type of crypto enthusiast.
As deposit and withdrawal features become available, users will gain even greater control over their digital wealth—bringing Robinhood closer to full self-custody integration.
For now, traders can begin building positions in these assets directly through the app, setting the stage for deeper engagement as the ecosystem evolves.