Robinhood’s rival lists the Shiba Inu. Shiba coin is now available on online brokerage platform TastyWorks. TastyWorks, the brokerage arm of Chicago-based fintech startup Tastytrade, has added the Shiba Inu cryptocurrency, according to an announcement Friday. Detail Cryptokoin.com’in.
Shiba coin is on a new exchange
Robinhood’s competitor launched cryptocurrency transactions on its platform in early February. CEO Scott Sheridan claimed that the move was due to increased customer interest in crypto assets. From the start, TastyWorks users were able to do with four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin. In January, the brokerage firm’s parent company was acquired by British online transaction provider IG Group for $1 billion.
According to the information received, Public.com, another Robinhood competitor, listed the Shiba Inu in October. Earlier this week, Canada’s leading online transaction app also added the most popular cryptocurrency. After falling 50% from its peak, the Shiba Inu is on the rise once again. According to CoinMarketCap data, in the last 24 hours, the price of the meme coin has increased by more than 15%. With the Shiba Inu token becoming more and more popular in the crypto space, the number of short-term SHIB holders is gradually increasing. In September, the majority of SHIB holders held the tokens for 1-12 months, while in October the number of medium-term holders dropped to 60% from 85% previously. As the majority of asset holders are individual traders who prefer short-term profits over long-term holdings, the market should expect more volatility to emerge before long.
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