The US-based cryptocurrency trading platform Robinhood has recently prolonged the Shiba Inu trading services to the Seventh-largest state in the USA – the state of Nevada. This marks a major step for the cryptocurrency platform.
Shiba Inu Is Now Tradable In Nevada
Robinhood Crypto is a trading platform designed for getting and selling assets in a user-friendly manner, with offerings of zero or no commission to its users to speculate in stocks. Nevertheless, it was not available in every state in the USA.
The trading platform is currently taking steps to alter this because it announced that the cryptocurrency service is now available within the state of Nevada. It said this on its official customer’s consultant X (formerly Twitter) handle highlighting that an inventory of 15 cryptocurrencies is on the market for getting, selling, and transferring on this region together with a link.
The link within the announcement reveals that residents in Nevada and a number of other other US states at the moment are capable of buy and sell SHIB on the crypto platform with no costs or commissions.
As well as, the trading platform further identified that cryptocurrency investors can now start trading Shiba Inu for as little as $1. Meanwhile, the token is just not available for Recent York and Texas residents.
In accordance with regulatory approval in each of the US jurisdictions, Robinhood Crypto separates tradable assets. As an example, just 15 digital assets are supported by the platform for getting, selling, and real-time market data on Robinhood Crypto. Cryptocurrencies similar to Shiba Inu, Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), and Dogecoin (DOGE) are amongst these listed tokens.
The platform initially buttresses real-time market data for just over 50 digital assets for now. These include XRP, Binance Coin (BNB), Solana (SOL), and Cardano (ADA), amongst others.
It’s price noting that despite the provision of real-time market data for these tokens, it doesn’t suggest that the platform has plans of listing these tokens yet. Nevertheless, the platform underscored a possible support of the buying and selling of the 50 tokens on the platform in the longer term.
Robinhood further assured the protection of users’ assets with one of the best level of security within the crypto industry.
“We protect your crypto with industry-leading security, with nearly your entire crypto held in cold storage. We don’t lend it or leverage against it. We also perform regular audits,” it stated.
SHIB price continues recovery trend | Source: SHIBUSD on Tradingview.com
Robinhood Crypto Is Formidable With SHIB
In September 2023, Robinhood became considered one of the largest players and holders within the Shiba Inu world, amassing as much as 34 trillion SHIB tokens valued at roughly $279.85 million.
It previously held a complete of 20 trillion SHIB tokens, and later added a formidable 14.086 trillion SHIB tokens to its holding in September.
The trading platform’s achievement as considered one of the largest holders of the SHIB tokens has since strengthened Robinhood’s standing within the cryptocurrency space.
Featured image from Game Revolution, chart from Tradingview.com