Bitcoin
$62,212.79-1.40%
Ethereum
$3,001.86-1.54%
Binance Coin
$585.95-0.24%
Solana
$146.42-2.98%
XRP
$0.52630255-2.09%
Dogecoin
$0.14702253-4.08%
Toncoin
$5.77-0.41%
Cardano
$0.46351076+3.43%
Shiba Inu
$0.00002287-2.40%
Avalanche
$34.47-4.92%
Tron
$0.12338453+1.98%
Wrapped Bitcoin
$62,136.68-1.46%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus Prices Go Up InAll Pass Types Are Increasing
01
DAY
00
HR
36
MIN
38
SEC
Finance

LINK Rallies as Much as 8% After Listing on Robinhood

It was the first time Robinhood has listed a new token since mid-April.

By Jamie Crawley
AccessTimeIconJun 28, 2022 at 1:40 p.m. UTC
Updated May 11, 2023 at 6:54 p.m. UTC
(Chainlink)
(Chainlink)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Chainlink's LINK currency rallied by about 8% Tuesday following its listing on online brokerage platform Robinhood (HOOD).

  • LINK climbed from $6.70 at around 12:24 UTC on Tuesday as high as $7.18 at 12:37 UTC following the news appearing on Robinhood's listing page. LINK's price has since settled down to around $7.06.
  • Robinhood listed LINK, the native token of oracle application Chainlink, the first time the platform has listed new tokens since mid-April when it did so for compound (COMP), polygon (MATIC), solana (SOL) and shiba inu (SHIB).
  • The Robinhood listing may provide a much-indeed boost for LINK, which has fallen by over 40% from $9.49 to $5.57 during the middle part of June as the the broad sell-off in the crypto markets took hold.
  • Nasdaq-listed Robinhood itself enjoyed a spike in its share price Monday following reports that crypto exchange FTX was looking into a possible deal to acquire it.
VolumeMuteUnmute

Robinhood Is Unlikely to Win in a 'Full-On Battle' With the SEC: Legal Expert

  • What Happens if ETH Is Deemed a Security?
    20:00
    What Happens if ETH Is Deemed a Security?
  • Binance CEO Calls on Nigeria to Release Detained Executive; Galaxis Raises $10M
    02:13
    Binance CEO Calls on Nigeria to Release Detained Executive; Galaxis Raises $10M
  • Robinhood Shares Fall After Wells Notice From SEC; Crypto's Guard Against Hacks
    02:23
    Robinhood Shares Fall After Wells Notice From SEC; Crypto's Guard Against Hacks
  • Bee Movie Script Buzzing on Ethereum; Robinhood Benefits From ‘Monster’ Crypto Cycle
    02:09
    Bee Movie Script Buzzing on Ethereum; Robinhood Benefits From ‘Monster’ Crypto Cycle

    • Read more: Chainlink Price Feeds Now Live on Solana

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

    Read more about
    RobinhoodChainlink