This period of increased speculative activity underscored the community’s enthusiasm and speculative interest in SHIB futures. One of the pivotal developments for Shiba Inu was the launch of ShibaSwap, its own decentralized exchange, which marked a significant step towards building its ecosystem. The project has also been recognized outside of the traditional crypto spaces, being listed on Forbes’ “30 Under 30” list, https://xcritical.solutions/ which showcases its growing influence and the attention it’s garnering from broader audiences. These actions eliminate access to these critical components, thereby reducing the risk of malicious activities and building trust within the community. However, its future success will largely depend on its ability to broaden its utility and foster wider adoption among users.
ShibaSwap is the ‘official’ place where you can both swap your Ether for Shiba coins, and also earn Shiba by providing liquidity. Whatever the case might be, one thing’s for sure – if you want the best possible service with your Shiba purchases, you should stay away from RobinHood, and turn to one of the reliable and legitimate crypto exchanges, such as Binance or Coinbase. Naturally, though, rumors spread like wildfire, and in such a volatile space as crypto, this is often all it takes for people to jump in, and start looking for where to buy Shiba coin. ” guide, you cannot purchase SHIB tokens on RobinHood. While thousands of people are looking at where to buy Shiba coin every single day, a significant portion of US-based crypto enthusiasts are trying to research Shiba Inu coin RobinHood. If you combine the security of a device like the Ledger Nano X with the functionality and UI of MetaMask, you’ll be able to remain sure that your coins are as safe as they can be!
Truth be told, it’s best to look at it from the other side of the spectrum, and discuss what it ISN’T – Shiba coin isn’t Dogecoin. You’ve heard about it, you’ve seen it on every crypto lovers’ tweets, and you definitely have that one friend who just won’t shut up about how “Shiba is the next Dogecoin”. If you’re confused, and are trying to figure out Shiba Inu coin price, where to buy, and more – you’ve come to the right place. It would seem that finding out where to buy Shiba coin is the only thing that’s on many crypto enthusiasts’ minds. No, I’m not talking about the Japanese dog breed – instead, I’m referencing one of the most successful altcoins of 2021.
Robinhood Shills Shiba Inu as “More Community-Driven”
Plus, having Shiba Inu available on a well-known platform like Robinhood adds a layer of legitimacy and trust, which can be reassuring for new investors. The inclusion of Shiba Inu on Robinhood simplifies things significantly, especially for those who are new to the crypto world. These exchanges often involve more complex processes, like creating wallets, transferring funds, and navigating different interfaces. This addition was a pretty big deal for the Shiba Inu community, making it more accessible to a wider audience. As of now, Robinhood does offer Shiba Inu (SHIB) for trading!
Popular Real World Assets
Nonetheless, the large amount of Shiba Inu (SHIB) in Robinhood’s coffers is a testament to the token’s popularity. In order to maintain liquidity, the exchange has enough SHIB to cover user funds. The exchange holds a whopping 1.49 million ETH, worth over $2 billion. She shed light on the fact that Robinhood is backed by some of the biggest financial institutions. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. No – in most cases, using ShibaSwap to purchase Shiba coin isn’t a good idea.
What do Robinhood’s Shiba Inu holdings tell us?
As per Akrham’s data, the value of the 20 trillion SHIB tokens is $197.4 million. Data from the crypto analytics platform ArkhamIntelligence also confirmed Robinhood’s Shiba Inu (SHIB) holdings. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. While there are many reasons xcritical official site for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.
Shiba Inu: Wallet Integration Boost Adoption
The token can be used to purchase NFTs, integrating Shiba into the burgeoning market for digital collectibles and assets. Another significant application of Shiba is in the realm of non-fungible tokens (NFTs). Beyond its use in staking, Shiba is also designed for trading on decentralized exchanges (DEXs). By staking Shiba tokens, holders can generate passive income, leveraging the token’s utility to earn rewards over time.
The initial surge of new investors appears to have plateaued, largely due to the token’s price stagnation. While the platform has around 26 million users in total, it’s estimated that 12 to 13 million of these are active traders. Many anticipated that a significant portion of Robinhood’s user base would engage with the token, leading to increased trading activity.
Naturally, this is when questions such as “where to buy Shiba coin? Elon Musk has been known to talk about Dogecoin quite a bit, especially on his Twitter profile. For starters, the anonymous creator of Shiba coin (known by the pseudonym “Ryoshi”) has designed Shiba to be “the Dogecoin killer”. It’s probably not at all weird that individuals are looking at “where can I buy Shiba Inu coin? This is where people REALLY started looking at where to buy Shiba coin in US, and various other parts of the world.
- One of the pivotal developments for Shiba Inu was the launch of ShibaSwap, its own decentralized exchange, which marked a significant step towards building its ecosystem.
- At the same time while this was happening, Vitalik Buterin received a “donation” of 50 trillion Shiba coins to his public Etheruem wallet address.
- The live Shiba price today is $1.57e-10 USD with a 24-hour trading volume of not available.
- There is also an option for other users to like or dislike a comment.
The trading exchange listed SHIB on April 12, 2022, with great pomp and grandeur. There are plenty of other platforms where you can buy Shiba Inu coin. Finally, past controversies surrounding Robinhood’s trading restrictions have raised concerns about the platform’s reliability. However, Robinhood’s limited cryptocurrency selection can be a drawback for those looking to diversify their crypto portfolio. Commission-free trading is another significant advantage, as it allows users to invest without incurring extra fees, which can add up over time. The search function makes it easy to find the specific cryptocurrency or stock you’re looking for, and the buying process is streamlined to minimize confusion.
- The service allowed users to buy and sell cryptocurrencies, but not to transfer them away from the platform, either to another third-party platform or to their self-custody wallet.
- Robinhood could also have made the transaction simply to meet the existing demand from its customers in other states where Shiba Inu trading was already enabled.
- Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
- The trading platform is known to occasionally make whale transactions involving the meme coin.
Petitions to List Shiba Inu on Robinhood: Everything You Need to Know
Like many other meme coins, it’s looking to bank on DOGE’s wave of popularity to list on Robinhood successfully. According to data furnished by the analytics platform Arkham, Robinhood boasts a substantial 20 trillion Shiba Inu meme coins in its portfolio, alongside other digital currencies. With an impressive holding of 20 trillion Shiba Inu meme coins in its wallet, Robinhood’s partnership with MetaMask opens up fresh opportunities for crypto enthusiasts. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. You register, provide KYC verification details, acquire some crypto (either a stablecoin like USDT, or Ether), and then simply trade that crypto for the amount of SHIB tokens that you’d like.
Shiba Inu’s Shibarium Is In Trouble As Leading DeFi Platform Threatens Exit
New York, the biggest financial center in the world, has long been known for its strict crypto rules. His tweets on the crypto have seen the coin’s stock rise, leading to the so-called Musk Effect. The Shiba Inu community is banking on Tesla’s and its chief executive Elon Musk’s love for crypto to get a foothold.
“But we’re having to carefully evaluate whether we can add new coins in a way that’s safe for customers and in line with regulatory requirements.” In the third quarter, Robinhood earned $51 million from crypto trading, less than a quarter of the previous period’s total, leading to a 35% drop in Robinhood’s overall revenue. But Robinhood is also beginning to feel the volatility of crypto markets. In the second quarter of 2021, Robinhood made $233 million in revenue from crypto trading, accounting for nearly 40% of Robinhood’s $565 million in total revenue that quarter. Robinhood’s focus on a younger demographic made expanding into cryptocurrencies a natural extension of its services.
Despite the widespread interest and Robinhood’s large user base, the exact number of investors who have purchased Shiba Inu on the platform remains undisclosed.
However, there’s one more place where you could get some Shiba coins that we haven’t mentioned yet – the ShibaSwap platform. The platform is often marketed as being one of the best exchanges for beginner traders, due to how simple it is to use. Coinbase is another giant in the cryptocurrency exchange world. Entering the trading screen, you’ll be able to choose the amount of SHIB that you’d like to purchase (trade for your USDT stablecoins). Binance and Coinbase are custodial, KYC-abiding cryptocurrency exchanges. The popular rumor is that this Shiba Inu coin purchase was from RobinHood, one of the most popular stock trading platforms in the US.
As opposed to that, swap-powered exchanges like ShibaSwap possess a major security hazzard – they aren’t regulated, and no transaction assurance is in place. Exchange platforms such as Binance and Coinbase are going to have KYC regulations and checks, cold storage-driven asset security, two-factor authentication, and much, much more. Using decentralized swaps can get complicated, and there won’t really be any customer support that you could turn to, if a problem arose – it’s up to you to do everything correctly! If you plan to, say, purchase Shiba Inu coin Binance, this is an important detail to consider!
Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for Robinhood to list its coin. A crypto wallet will still limit users to buying and selling Robinhood-approved currencies, but the wallet will let users transfer their holdings to outside accounts from which they can trade assets on other platforms. The new crypto wallet that Robinhood plans to launch in early 2022 may also make it unnecessary for Robinhood to list coins like Shiba Inu.
