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HomeCrypto NewsMarketToronto-Based Online Broker Wealthsimple Added Support For Shiba Inu

Toronto-Based Online Broker Wealthsimple Added Support For Shiba Inu


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Toronto-based online brokerage service Wealthsimple has added support for the Shiba Inu cryptocurrency, the company announced Thursday.

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Wealthsimple ventured into cryptocurrency trading in July 2020, launching a new subsidiary called Wealthsimple Digital Assets. Initially, its users were able to trade only Bitcoin and Ether, the two largest cryptocurrencies.

In June, it obtained approval from the Ontario Securities Commission (OSC) to expand its cryptocurrency offering. It listed 14 new digital assets, including Solana, Cardano, and Dogecoin.

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Last month, the company also added cryptocurrency-based exchange-traded funds to retirement plans.

Founded back in 2014, Wealthsimple now boasts over 1.5 million users.

The popular online trading platform has come under criticism for not allowing users to withdraw their cryptocurrencies to other wallets, which is also the case for Robinhood. Wealthsimple customers are only able to trade crypto within the app.

Robinhood competitor Public.com listed Shiba Inu in October.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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