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Cryptocurrency News Articles

Robinhood Crypto Now Supports Shiba Inu (SHIB) Transfers

Nov 10, 2024 at 05:53 pm

In an exciting development, Robinhood Crypto has announced that Shiba Inu (SHIB) transfers are now available on its platform.

Robinhood Crypto Now Supports Shiba Inu (SHIB) Transfers

Shiba Inu (SHIB) lovers in Europe can now enjoy depositing and withdrawing their beloved meme token on Robinhood Crypto, thanks to the latest integration.

This new development comes after Robinhood announced in October that it will now allow consumers in Europe to transfer cryptocurrency into and out of its app.

Last year in December, Robinhood first rolled out its crypto trading service, called Robinhood Crypto, in the EU. The service enabled users to buy and sell cryptocurrencies, but they were unable to transfer their digital assets away from the platform, either to another third-party platform or to their self-custody wallet.

Now, Robinhood has expanded its product capabilities in the region to include transfers for many cryptocurrencies, including Bitcoin, Ethereum, Solana, PEPE, Stellar (XLM) and now SHIB.

The integration will allow Robinhood Crypto users to deposit and withdraw SHIB tokens, further enhancing the platform's utility for crypto traders in the supported regions.

Moreover, Robinhood previously announced that for a limited time, it will allow European consumers to get 1% of the value of tokens deposited on its platform in the form of the equivalent cryptocurrency they transfer into Robinhood.

This move enables crypto users to withdraw and deposit SHIB while also receiving a 1% bonus on deposits for a limited time only.

Shiba Inu team member reacts to SHIB on Robinhood with "Wen BONE?"

The Shiba Inu community is buzzing with excitement following the recent announcement that Shiba Inu (SHIB) transfers are now live on Robinhood Crypto.

WEB $BONE 😍💚 https://t.co/L6AFT35FHX

This development has sparked reactions, including a notable response from Lucie, a prominent member of the Shiba Inu team. Lucie in her tweet asked the burning question on many community members' minds: "Wen BONE?"

With SHIB already listed on Robinhood and its transfers even live on Robinhood Crypto, the community hopes that BONE, Shibarium's gas token, could soon join the Robinhood platform, opening up its utility to a wider audience.

News source:u.today

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