The platform will prompt you to add a new card to process the transaction. These commissions help support the operation and development of CoinLore and keep it free for users. Apply now to join Finbold as a crypto/finance news writer! Meanwhile, Shiba Inu’s popularity among smaller retail investors seems to be on the rise, as the platform reached the 900,000-holder milestone on November 3, gaining over 80,000 new holders in less than a week to reach the milestone. We 💙 NYIt’s official, SHIB is now available to trade, buy, sell and store on Coinbase for NY residents. Over 20 million inhabitants now have the option to acquire the token.

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Notably, the trading platform said the new allowance is only available for its users in the European Union. Robinhood has now expanded its product capabilities in the region to include transfers for many cryptocurrencies, including Bitcoin, Ethereum, Solana, PEPE, Stellar (XLM) and now SHIB. Robinhood has been steadily expanding support for various cryptocurrencies since announcing in October that it will now allow consumers in Europe to transfer cryptocurrency into and out of its app. While the platform has around 26 million users in total, it’s estimated that 12 to 13 million of these are active traders.

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A significant event in SHIB’s early history was when Ryoshi gifted half of the token’s supply, 500 trillion SHIB, to Ethereum co-founder Vitalik Buterin. The information provided is not trading advice. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders. Additionally, MakerDAO co-founder Rune’s acquisition of 7.41 billion SHIB with 100,000 USDC has further fueled the upward trajectory of SHIB’s price, netting approximately $47.1 million on his SHIB purchase.

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It’s not as easy to buy SHIB from Robinhood rather then other exchanges Leave your genuine opinion & help thousands of people to choose the best crypto exchange. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.

The SHIB Robinhood partnership saw the token price grow by 13.7% after the announcement. The token saw mass adoption and was soon listed on the Robinhood exchange on Saturday, April 16, 2022. If investors decide to value Dogecoin like other meme coins, watch out.2025 has been an absolutely dreadful year for Dogecoin (DOGE +1.78%).

Is Shiba Inu a buy?

In the derivatives market, the total SHIB futures open interest surged 2% within an hour and 6% in the last 24 hours to 3.34 trillion worth $164 million. This sparked speculation about whether Shiba Inu coin will also witness at least a 40% rally in the coming days. It offers users control, security, and crime insurance, along with educational program benefits. Traders responded immediately as SHIB price saw massive volatility.

  • The influx of SHIB tokens into a Robinhood-named address comes amidst an unparalleled rally for the token, positioning SHIB as one of the top performers in the cryptocurrency market.
  • Once you do have your SHIB coins, though, you can then choose to store them on Coinbase, or perhaps transfer them to a separate, hardware wallet.
  • At the same time, Shiba Inu coin Binance is definitely the most popular place to acquire and trade the token in question.
  • ” has gathered 503,615 signatures as of the time of writing on the petition website Change.org, making it the number one ranked petition on the platform.
  • With a market capitalization of $15.97 billion, SHIB has solidified its position as the 11th largest cryptocurrency.

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Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. While it does have its benefits, using a reliable crypto exchange platform (such as Binance or Coinbase) is a much safer and more-stable alternative. These are the two leading crypto exchange platforms in the country – they are seen as reliable, secure, and simple to use, too.

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  • Therefore, it wouldn’t be surprising if Shiba Inu and the two other tokens were strategically listed to shore up the gap left by the delisted tokens.
  • The information provided is not trading advice.
  • Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.
  • Despite the widespread interest and Robinhood’s large user base, the exact number of investors who have purchased Shiba Inu on the platform remains undisclosed.
  • Once these markets are more mature, with more players and deeper liquidity, these kinds of use cases can be unlocked.

While this is standard practice with most crypto exchanges, few of them still require mandatory KYC as soon as you register – Coinbase, on the other hand, is one such brokerage. Coinbase is another giant in the cryptocurrency exchange world. After the purchase is done, you’ll be able to find your newly-acquired coins in your Binance wallet.

It is virtually a bridge that connects new users to the Shibarium platform. As for U.S traders and investors, BTCC Exchange is a good platform to explore for profitable traders. Thanks to its user-friendly interface, low fees, and trust-centric marketing, the partnership is bound to bring more exposure to the token.

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Over half a million people have signed an online petition calling for the Shiba Inu (SHIB) to be listed on the Robinhood trading platform, as the decentralized tokens price recovers after a week in the red. With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. You register, provide KYC verification details, acquire some crypto (either a stablecoin like USDT, or Ether), and then simply trade that crypto for the amount of SHIB tokens that you’d like. With ShibaSwap (and similar exchanges), you’re going to need to connect your wallet, and swap one token (or coin) for another.

Please conduct your own research and seek advice from a licensed financial advisor. The dog-themed token is testing the patience of investors as it’s only moving downward but rarely upward. Nonetheless, this is only a wild guess and not confirmed data from the leading exchange. Even if 5% of Robinhood’s active users have bought and sold Shiba Inu, that would take it to 600,000 investors. The numbers remain a mystery to date, as the exchange respects and maintains user privacy and data.

Surpassing major cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin, SHIB has ascended to the 11th spot in the market capitalization ranking, boasting a valuation exceeding $12.8 billion. However, for over a year, Robinhood’s European customers could not move their crypto assets to and from external wallets and exchanges. Shiba Inu’s onboarding on the Robinhood exchange was a spectacle in the broader cryptocurrency market. Pepe Coin price has rallied 40% after the crypto trading scammed by xcritical app announced the listing. Shiba Inu’s integration with the Robinhood trading platform in April 2022 generated significant buzz within the cryptocurrency community.

Crypto investors had been eagerly anticipating the addition of shiba inu to the app, and some have speculated that Robinhood’s declining crypto trading revenue would compel it to add more altcoins and meme tokens to the platform. Robinhood was trending on Twitter Tuesday morning as users celebrated the listing of shiba inu coin on the popular trading app. For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t reala