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Robinhood Introduces New Feature for Shiba Inu and Other Coins

Thu, 07/07/2022 - 20:40
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Alex Dovbnya
Robinhood now supports Shiba Inu transfers for all users
Robinhood Introduces New Feature for Shiba Inu and Other Coins
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Popular trading app Robinhood now allows its users to transfer Shiba Inu, Bitcoin, and other available digital assets in and out of the platform.

As reported by U.Today, the second-biggest meme cryptocurrency was finally listed on Robinhood in early April after a Change.org petition asking the company to add SHIB reached more than half a million votes.

Robinhood ventured into cryptocurrency trading back in 2018, adding support for Bitcoin, Dogecoin, and several other coins.

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Earlier this year, the trading app launched a non-custodial wallet, making it possible for traders to manage their own crypto.

Last month, Bloomberg reported that FTX was intending to buy Robinhood, but the crypto exchange refuted those rumors.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.