Robinhood Europe Adds Shiba Inu Coin (SHIB) to the List of Transferable Tokens

Robinhood Crypto EU expands support to include meme coin Shiba Inu coin in crypto transfers. The commission-free crypto trading app announced a 1% bonus on deposits in next few weeks.

Robinhood Europe recently announced that it will now be supporting Shiba Inu Coin. This means that users of the trading app in the EU will be able to transfer SHIB tokens.

Robinhood Crypto EU recently announced that it will now be adding Shiba Inu coin to its list of transferable cryptocurrencies on the app. However, this service is only available to users in the European Union.

In other news, the commission-free crypto trading app will also be offering a 1% bonus on deposits from other crypto exchanges for a limited time. This serves as an incentive for traders to bring their tokens to the platform.

After Robinhood listed Pepe Coin (PEPE) and Dogecoin (DOGE) among the digital currencies users can transfer, PEPE Coin's price rallied 40%. Additionally, Dogecoin's price surged 45% following the announcement.

This has led to speculation that SHIB's price may also experience a 40% increase. However, at the time of writing, SHIB's price has only risen by 14% amidst the renewed bullish market sentiment during the "Trump trade."

Shiba Inu's price has shown a slight increase, rising by 1% over the past 24 hours. The current trading price is at $0.00001923, with a 24-hour low of $0.00001847 and a high of $0.00001966. The trading volume has also seen a 23% increase over the past 24 hours, indicating a heightened interest among traders.

In the derivatives market, the total SHIB futures open interest saw a 2% surge within an hour and a 6% increase over the past 24 hours, reaching 3.34 trillion, which is valued at $164 million. Binance experienced an 8% increase in SHIB open interest.

A strong momentum in meme coins could potentially drive SHIB's price to $1.