In the midst of economic fluctuations, cryptocurrency markets continue to capture interest. Despite Bitcoin‘s recent dip beneath $90,000 following a GDP report, hope in the market resurfaces, particularly with the conclusion of ongoing debates about Greenland. As market players seek diversification, which altcoin is Robinhood introducing?
New Entrant: SKY Coin
In 2025, Robinhood has emerged as a key player by rapidly expanding its offerings, outpacing growth forecasts. Known for shaking up the stock market during the 2021 GameStop saga, the platform has consistently shown a growing interest in cryptocurrencies. With assets totaling $326 billion, Robinhood trades over $200 billion monthly in stocks.
In addition to equities, Robinhood has strategically embraced cryptocurrencies, listing about 50 altcoins, smoothing crypto transactions for its U.S. clientele. Their crypto reach also extends to European markets, facilitating trading for approximately 70 cryptocurrencies among its 27 million active users.
This week, Robinhood drew attention by announcing the inclusion of SKY Coin. Following their acquisition of Bitstamp for $200 million and the launch of an Arbitrum-based Layer 2 network, Robinhood is set to offer more crypto listings shortly.
Will SKY Coin’s Value Rise?
The introduction of SKY Coin is part of MakerDAO’s strategic initiative, called “Endgame,” which targets enhanced accessibility and scalability for the protocol. This update transitions the previous MKR Coin to SKY Coin at a conversion of one MKR for 24,000 SKY Coins, with USDS taking over from DAI.
No dramatic price shifts for SKY Coin followed its debut. Still, the DeFi realm might experience rapid growth with anticipated U.S. crypto regulations, potentially driving SKY Coin to new heights.
The cryptocurrency hovered around its December peak of $0.06913, holding a support level at $0.06507. As the market maintains an optimistic outlook, initial targets might aim for $0.07813, potentially reaching a record above $0.09499.
“We are thrilled to include SKY Coin as part of our growing crypto portfolio and look forward to what the future holds for our users,” a Robinhood representative stated.
Robinhood’s strategic endeavors in crypto assets and continuous diversification highlight its position as a disruptive force in the financial landscape. By leveraging partnerships and incorporating new technologies, their efforts appear to place them in an advantageous position in the evolving digital currency sphere.
