Robinhood lists DeFi token AAVE
AAVE is the native asset of Aave, a decentralized finance protocol that allows people to lend and borrow crypto. Aave's price is up 5% on the news. At the time of publication, AAVE is changing hands at $86.59, up 10.57% in the past seven days.Last month, Robinhood announced the listing of the second largest stablecoin by market capitalization, USD Coin .
In late June, Robinhood listed Chainlink , a decentralized blockchain oracle network built on Ethereum, subsequently listing Stellar , Avalanche and Uniswap .On Sept. 1, the platform also listed Cardano's native asset, ADA. Robinhood saw its shares fall this year after riding the bull market wave in 2021 as active customers left the platforms. In the second quarter of the year, its assets under custody fell by 37%.
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