Fee-free buying and selling app Robinhood Crypto EU on Saturday expands help for meme coin Shiba Inu coin on crypto transfers. The buying and selling app additionally introduced a 1% bonus for customers who deposit their tokens from different crypto exchanges. Merchants responded instantly as SHIB worth noticed huge volatility.
Robinhood Crypto Now Helps Shiba Inu Coin Transfers
Robinhood Europe’s crypto arm in an official announcement on November 9 revealed that it has added Shiba Inu coin to cryptocurrencies supported in crypto transfers.
The commission-free crypto buying and selling app introduced a 1% bonus alternative for a restricted time. Customers have to withdraw their SHIB tokens from different crypto exchanges and deposit them to Robinhood app to earn a 1% bonus.
Crypto switch service now permits prospects to deposit and withdraw 30 cryptocurrencies, together with Bitcoin, Ethereum, Solana, and Cardano, as per Robinhood website. It provides customers management, safety, and crime insurance coverage, together with academic program advantages.
$SHIB is accessible for transfers on Robinhood Crypto!
Withdraw and Deposit #SHIB, and, for a restricted time, get a 1% bonus in your deposits.
Phrases apply. Get began: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/ZlHPF1VojX
— Robinhood Crypto EU (@RobinhoodCrypto) November 9, 2024
Nonetheless, a couple of main crypto corresponding to XRP and Toncoin (TON) nonetheless stay unavailable in crypto transfers, regardless of the latest itemizing by Robinhood Europe.
Will SHIB Value Rally Just like DOGE and Pepe Coin?
Just lately, Robinhood added Pepe Coin (PEPE) and Dogecoin (DOGE) to the crypto transfers. Pepe Coin worth has rallied 40% after the crypto buying and selling app introduced the itemizing. Furthermore, Dogecoin worth rallied 45% after the announcement final week.
This sparked hypothesis about whether or not Shiba Inu coin will even witness a minimum of a 40% rally within the coming days. SHIB worth has jumped solely 14% amid the renewed bullish market sentiment through the “Trump commerce.”
SHIB price jumped almost 1% previously 24 hours, with the value at the moment buying and selling at $0.00001923. The 24-hour high and low are $0.00001847 and $0.00001966, respectively. Moreover, the buying and selling quantity has elevated by 23% within the final 24 hours, indicating an increase in curiosity amongst merchants.
Within the derivatives market, the overall SHIB futures open curiosity surged 2% inside an hour and 6% within the final 24 hours to three.34 trillion value $164 million. Binance noticed an 8% soar in SHIB open curiosity. A large sentiment in meme cash can truly set off SHIB price rally to $1.
Varinder Singh
Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the large potential of those modern future applied sciences. He’s at the moment protecting all the most recent updates and developments within the crypto trade.
Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
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