- Robinhood now supports RENDER, enabling Euro trading for the Render Network’s GPU-sharing ecosystem.
- RENDER, a key player in decentralized GPU networks, gains exposure with Robinhood’s latest crypto additions.
- Robinhood’s expanded portfolio, including RENDER, highlights its push to attract crypto and creative tech enthusiasts.
Robinhood Crypto has introduced RENDER trading to the European market. Traders can trade RENDER against Euros, enabling them to invest in Render Token directly. This announcement marks a step forward for the platform in serving a wider audience by supporting more currencies.
Render Network, launched in April 2020, is built on the Solana blockchain. It enables users to rent out spare GPU computational power in exchange for compensation through Render Tokens. This distributed GPU network aims to provide cost-effective, cloud-like computing services to creatives and businesses.
A Platform for Creativity and Innovation
Render’s technology primarily supports video rendering, offering a decentralized solution for resource-intensive tasks. Beyond video rendering, its GPU resources are utilized for various purposes, including artificial intelligence (AI) training, gaming development, and hosting services. These capabilities make Render a versatile tool for digital creatives.
Render’s computational power has already been instrumental in producing high-quality content. Projects include music videos for electronic artist deadmau5 and promotional content for the NBA playoff season. The platform’s tech has also been used to create visuals for the Las Vegas Sphere, showcasing its ability to support large-scale creative endeavors.
Robinhood Adds New Tokens to Crypto Offerings
Robinhood has recently expanded its cryptocurrency offerings by relisting popular tokens and adding new ones. On November 13, 2024, Robinhood relisted Solana (SOL), Cardano (ADA), and Ripple (XRP), which had been removed earlier due to regulatory concerns. Additionally, the meme coin PEPE was introduced to the platform, marking a significant expansion of its crypto portfolio to 19 tokens.
Earlier in November, Robinhood also added new assets, including Compound (COMP) and Shiba Inu (SHIB), alongside its relisting of Solana and others. These moves appear to align with the company’s efforts to address customer demand and regain its competitive edge in the crypto market while navigating regulatory challenges.
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