The popular Shiba Inu (SHIB) cryptocurrency prices skyrocketed after it was expediently listed on the popular stock and cryptocurrency trading app Robinhood. This is great news for SHIB fans who have been hoping for a listing on the Robinhood app.
Customers can now buy and sell four additional cryptocurrencies via the online broker’s app and website, including Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB).
SHIB prices have risen by 7% in the last hour, according to the Coingecko market tracker. COMP increased by 6.6 per cent, MATIC increased by 3.5%, and SOL increased by 2%.
Shiba Inu was launched in August 2020 as an alternative to Dogecoin (DOGE) by an anonymous person or group known as Ryoshi. It was founded as an experiment in decentralized spontaneous community building, according to its creators.
What’s Special about Robinhood App
According to Steve Quirk, Chief Brokerage Officer at Robinhood, “they are adeptly excited to add more options for our customers as we work to make Robinhood the best place to invest in crypto. Cryptocurrency Shiba Inu on Robinhood App. They have a rigorous framework in place to help us evaluate assets for listing as a safety-first company, and we remain committed to providing a safe and educational crypto platform.
While the crypto tokens are now available for purchase and sale on the Robinhood app, deposits and withdrawals will not be available right away. Robinhood has made its digital wallet feature available to 2 million of its users. The majority of them want to run their own exchange platform using a Cryptocurrency Exchange Script or a high-quality Bitcoin Exchange Script.
Presently 20 Cryptocurrencies Added
Customers who signed up for the WenWallets waitlist will be able to send and receive any of the cryptocurrencies currently available on Robinhood, according to Robinhood Chief Product Officer Aparna Chennapragada, who spoke at a Bitcoin conference in Miami, Florida. WenWallet is a cryptocurrency wallet that Robinhood Finance launched in September 2021. Crypto wallets enable users to securely store their cryptocurrencies. Currently, 20 cryptocurrencies are available for trading on the Robinhood app, including Bitcoin, Ethereum, Litecoin, Dogecoin, Ripple, Stellar, Monero, and others.