Wealthsimple, the “Canadian Robinhood,” has added support for the popular meme coin Shiba Inu (SHIB). This development pleased SHIB’s investors. But the price continues to depreciate at the time of writing, taking a 20 percent drop.
Wealthsimple, the “Canadian Robinhood”, has added support for SHIB!
Toronto-based online brokerage service Wealthsimple delighted SHIB investors with a statement on Thursday. Wealthsimple announced that it has added support for the Shiba Inu. Wealthsimple started cryptocurrency trading in July 2020, establishing a new subsidiary called Wealthsimple Digital Assets. Initially, its users could only trade with the two largest cryptocurrencies, Bitcoin and Ether. In June, the company received approval from the Ontario Securities Commission (OSC) to expand its cryptocurrency offering.
Later, the platform listed 14 new cryptocurrencies, including Solana, Cardano, and Dogecoin. Last month, the company added cryptocurrency-based exchange-traded funds to its retirement plans. Founded in 2014, Wealthsimple now has over 1.5 million users. The popular online trading platform has come under criticism for not allowing users to withdraw cryptocurrencies to other wallets. This is also true for Robinhood. Wealthbasit customers can only trade crypto within the app.
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