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Robinhood lists SOL, SHIB, COMP, MATIC, and the Chicago Mercantile Exchange is considering introducing SOL and ADA futures.

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Robinhood lists SOL, SHIB, COMP, MATIC, and the Chicago Mercantile Exchange is considering introducing SOL and ADA futures.

The zero-commission brokerage platform Robinhood has officially listed four new cryptocurrencies, bringing the total number of supported coins on the platform to 11. Among them, Shiba Inu (SHIB) saw a price surge of up to 25%. Additionally, the Chicago Mercantile Exchange (CME), which was previously rumored to be considering launching futures for SOL and ADA, has now released reference interest rate indexes for these cryptocurrencies.

Robinhood Adds Four New Cryptocurrencies

Robinhood has announced the addition of four new cryptocurrencies on its platform:

  • Solana (SOL)
  • Shiba Inu (SHIB)
  • Polygon (MATIC)
  • Compound (COMP)

Among these, SHIB has seen the most significant reaction to the news, with price fluctuations as shown in the chart below:

30m Chart | TradingView

Steve Quirk, Chief Brokerage Officer at Robinhood, emphasized in the announcement:

Despite adding more meme coins to the platform, Robinhood remains committed to being a security and education-focused platform. While the newly added assets are tradable on the platform, deposits and withdrawals are not yet available, with these functions set to be launched soon.

CME Group Releases Cryptocurrency "Reference Rate Index"

Following discussions about the potential introduction of cryptocurrency futures contracts, CME Group has released a cryptocurrency "Reference Rate Index."

Payal Shah, Head of Cryptocurrency Products at CME Group, mentioned earlier this month at the CryptoCompare Digital Asset Summit that CME Group is considering launching cryptocurrency futures contracts based on user demand.

She noted that the introduction of cryptocurrency futures contracts depends on resolving issues related to the "Reference Rate Index" and regulatory matters. CME Group will either rely on indices from other exchanges or create its own price indices.

Approximately a week later, CME Group announced a collaboration with index provider CF Benchmarks to launch 11 cryptocurrency reference rates and real-time indices, including:

  • Solana (SOL)
  • Litecoin (LTC)
  • Uniswap (UNI)
  • Cardano (ADA)
  • Polkadot (DOT)
  • Cosmos (ATOM)
  • Chainlink (LINK)
  • Polygon (MATIC)
  • Algorand (ALGO)
  • Bitcoin Cash (BCH)
  • Stellar Lumens (XLM)

Price data for the indices will be provided by exchanges such as Bitstamp, Coinbase, Gemini, itBit, and Kraken. This move could be part of CME Group's preparations for potential cryptocurrency futures offerings in the future.