Robinhood Crypto EU Expands Support for Shiba Inu Coin Transfers

Robinhood Crypto EU has expanded its support for Shiba Inu (SHIB) coin transfers using its commission-free trading application. This update offers SHIB users the opportunity to earn a 1% bonus when transferring tokens from other cryptocurrency exchanges into the Robinhood app.

Launch of SHIB Transfer Support

Robinhood Europe announced on November 9 that Shiba Inu coin has been added to the list of supported cryptocurrencies for crypto transfers. This move allows users to easily transfer their SHIB tokens.

Bonus Opportunity and Usage Terms

The crypto trading application is offering a limited-time 1% bonus for users who transfer SHIB tokens from other exchanges into the Robinhood app. This incentive aims to encourage users to choose the Robinhood platform.

The crypto transfer service includes 30 cryptocurrencies such as Bitcoin, Ethereum, Solana, and Cardano. It provides benefits like control, security, and crime insurance for users.

Future of SHIB Prices

The addition of transfer support for SHIB may lead to a price increase, similar to what was observed with Pepe Coin (PEPE) and Dogecoin (DOGE) after they were added. 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. The open interest for SHIB futures in the derivatives market has also grown by 6%, indicating 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 should closely monitor such developments to strategize effectively.