In a recent development, crypto trading platform Robinhood has listed Shiba Inu (SHIB) for its New York users. The trading platform also drew attention to itself, having moved a significant amount of Shiba Inu tokens between its crypto wallets.
Robinhood Lists Shiba Inu
Robinhood made this known in an X (formerly Twitter) post by informing New York State residents that Shiba Inu was now available for them. The trading platform also revealed that it had listed Avalanche (AVAX) and Compound (COMP), which these users could also trade now alongside Shiba Inu.
Before now, Robinhood already made Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum Classic (ETC), Dogecoin (DOGE), Chainlink (LINK), and Aave (AAVE) available to its New York customers. Last year, the platform had to delist Solana (SOL), Cardano (ADA), and Polygon (MATIC) after the Securities and Exchange Commission (SEC) branded them as securities.
That move led to a drop in the crypto platform’s trading volume. Therefore, it wouldn’t be surprising if Shiba Inu and the two other tokens were strategically listed to shore up the gap left by the delisted tokens. SHIB, on its part, records an impressive daily trading volume, and Robinhood may be looking to tap into some of it.
Besides, Shiba Inu’s popularity among Robinhood’s users is…
