Robinhood has expanded its services in the country to the state of Nevada. Among the tokens now available in Nevada is the popular dog-themed meme coin Shiba Inu Located in (SHIB) receivable.
Robinhood Crypto is now available in Nevada!
NEWS CONTINUES BELOWBuy, sell and transfer 15 cryptocurrencies! See list 🔗 https://t.co/er9TOpJm9Q
More info: https://t.co/uFJGPLZKQ8
NEWS CONTINUES BELOW— Robinhood Help (@AskRobinhood) October 25, 2023
According to the announcement, Nevada residents can now use Robinhood without paying any fees or commissions. SHIB can trade and buy. Investors can now spend as little as $1 to buy the popular meme coin.
As we reported as Koinfinans.com robinhood, lists only tokens approved by US authorities, as the rules are different in each state. Currently, there are only 15 digital assets on its platform, such as Bitcoin (BTC), Ethereum, Dogecoin (DOGE), Shiba Inu (SHIB).
Additionally, the platform provides real-time market data for additional tokens such as XRP, Cardano (ADA), Solana (SOL), and Binance Coin (BNB), but does not offer trading services.
Could Robinhood’s Move Raise Shiba Inu Prices?
Robinhood is one of the most popular trading platforms in the United States. With the latest expansion, more people will have access to the Shiba Inu token. Therefore, this move by Nevada is a popular meme coin It can help new investors enter.
Moreover, as stated by Shytoshi Kusama, an increase in demand is quite critical for SHIB to witness a price increase. Having more ways for people to purchase tokens increases the likelihood of more funds coming in. Therefore, we may soon see a surge in new SHIB investors.
Belief in the possibility of seeing a crypto market bull run in early 2024 remains high. In this case, more people having the option to purchase crypto could lead to an increase in fund inflows. Shiba Inu can also benefit from this in a positive way.