Robinhood Crypto EU announced the expansion of transfer support for Shiba Inu (SHIB), offering users the opportunity to earn a 1% bonus when transferring tokens from other cryptocurrency exchanges.
Launch of SHIB Transfer Support
On November 9, Robinhood Europe officially announced the addition of Shiba Inu to the list of supported cryptocurrencies for transfers. Now, users can easily transfer their SHIB tokens.
Bonus Opportunity and Usage Terms
The commission-free crypto trading application offers a 1% bonus opportunity for users transferring SHIB tokens from other exchanges. This incentive aims to attract users to the Robinhood platform.
The crypto transfer service simplifies storage and withdrawal transactions, covering 30 cryptocurrencies including Bitcoin, Ethereum, Solana, and Cardano. Users also benefit from control, security, and crime insurance.
Despite the new additions, some major cryptocurrencies like XRP and Toncoin (TON) remain unsupported for transfers on Robinhood Europe, posing limitations for certain users.
Future of SHIB Prices
Following the addition of transfers for Pepe Coin (PEPE) and Dogecoin (DOGE), these coins experienced price increases of 40% and 45%, respectively. This has led to expectations that Shiba Inu might also see a similar surge. Currently, SHIB's price has increased by 14%.
In the last 24 hours, SHIB's price rose by 1%, accompanied by a 23% increase in trading volume. Furthermore, the open interest for SHIB futures in the derivatives market has grown by 6%, reaching $3.34 trillion. These developments indicate a rising interest in meme coins.
For SHIB's price to potentially reach the $1 mark in the future, there must be sustained demand and interest from traders in meme coins. Traders can closely monitor such developments to strategize effectively.
The expansion of SHIB transfer support in Robinhood Crypto EU has created new opportunities for users and increased interest in the asset. Further developments in SHIB could provide additional investment inflow and attention to the cryptocurrency.
