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HomeCrypto NewsMarketBreaking: Robinhood Finally Lists Shiba Inu (SHIB)

Breaking: Robinhood Finally Lists Shiba Inu (SHIB)


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A few Hours Ago Top Whales Bought 393B Shib, And Now Robinhood List Shiba Inu.

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Popular cryptocurrency investment app Robinhood has started adding more cryptocurrencies to its offerings, as the company lists Shiba Inu (SHIB) alongside three other coins. 

According to Robinhood, aside from SHIB, they also added three new cryptocurrencies such as Polygon (MATIC), Solana (SOL), and Compound (COMP). 

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The development comes months after the cryptocurrency investment app declared that it would not be adding new digital currencies to its list of offerings due to a lack of regulatory clarity. 

Aside from adding new coins to the platform, Robinhood noted that it would also not invest in the industry until the government provides regulatory clarity for the nascent asset class. 

Interestingly, the United States government made a significant effort toward cryptocurrencies last month after the Biden administration published the much-anticipated cryptocurrency executive order

The order mandates all relevant agencies to work together to develop regulations for the U.S. crypto industry to protect investors and foster the growth of nascent technology. 

With the U.S. committed to providing clearer regulation, Robinhood has deemed it fit to add new coins. 

Today there was massive whale buying also. Two top ETH whales seemed to know that shib Robinhood listing was coming. The two Biggest Whales, “Light” And “Bombur,” Scooped Up 393 Billion Shib a few hours before listing.

We have many times given our analysis that Robinhood will only launch SHIB once the exchange wallets go live, and the same happened. Robinhood’s crypto wallet went live to 2 million users just three days ago, and today the exchange list Shiba Inu.

As a result of the listing, shib is up almost 10%, currently trading at $0.00002477.

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.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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