Robinhood, the first commission-free investment company for crypto traders has finally listed the Shiba Inu token (SHIB) on its platform. The investing and trading app of Robinhood is active for SHIB tokens and can be seen on the official website also.
Yet the company is still in the phase of officially announcing the news to its users. Robinhood has always been careful with its token addition procedure and offers only a few prominent cryptocurrencies for trading, buying, and selling purposes. According to Robinhood, the platform has a rigorous structure to list the assets. Also, the company dedicates itself towards the safety of the assets and providing a safe environment to its customers.
The existing list for cryptocurrencies have become a little longer with the addition of other popular crypto tokens apart from SHIB. It includes Solana (SOL), Polygon’s MATIC, and Compound’s COMP on the trading platform.
During the collection of data by a popular API called ‘Crypto Exchange Listing Bot’ from 44 different crypto exchanges, it was detected that Robinhood have listed SHIB on its platform. The API bot provide the real-time prices on the assets used by the various crypto exchange platforms.
SHIB is predicted to be a ‘DOGE killer’ on the exchange platform from now onwards. Robinhood expects to attract more users on its app while they are already managing 17.3 million users and their assets. Surely, Robinhood have did its part to pull out Shiba Inu from a five-months long price crunch.
Currently, SHIBA is outperforming other coins and has risen to 28% with a current value of $0.00002862 within 24 hours and a market valuation of $15.7 billion.