Robinhood Crypto EU has expanded support for Shiba Inu (SHIB) coin transfers using its commission-free trading app. This update offers SHIB users the opportunity to earn a 1% bonus if they withdraw their tokens from other crypto exchanges and deposit them into the Robinhood app. This development led to large fluctuations in the SHIB price.
Start of SHIB Transfer Support
Robinhood Europe’s crypto division announced in an official statement on November 9 that it has added the Shiba Inu coin among the currencies supported for crypto transfers. With this step, users will now be able to easily transfer SHIB tokens.
Bonus Opportunity and Terms of Use
The commission-free crypto trading app offered a 1% bonus opportunity for a limited time. Users are eligible to earn this bonus by withdrawing their SHIB tokens from other crypto exchanges and depositing them into the Robinhood application. This incentive aims to encourage users to choose the Robinhood platform.
Crypto transfer service, Bitcoin 
$76,601Ethereum 
$3,042Solana and Cardano 
$0.438393 It makes it easier for users to store and withdraw by including 30 cryptocurrencies such as. Additionally, benefits such as control, security and crime insurance are offered to users.
Robinhood Crypto EU says, “$SHIB is open for transfers on Robinhood Crypto! Don’t miss the limited time 1% bonus opportunity for #SHIB deposits.” He shared it as:
However, some major cryptocurrencies such as XRP and Toncoin (TON) are still not supported for transfers despite being newly added by Robinhood Europe. This creates limitations for some users.
Future of SHIB Price
Robinhood’s Pepe Coin (PEPE) and Dogecoin 
$0.210222 After adding (DOGE) transfers, these coins gained 40% and 45% in value. This gave rise to the expectation that the Shiba Inu coin could experience a similar rise. However, SHIB price is currently up 14%.
In the last 24 hours, SHIB price increased by 1% and trading volume increased by 23%. Additionally, SHIB futures open interest in the derivatives market increased by 6% to $3.34 trillion. These developments show that interest in meme coins is increasing.
For the SHIB price to reach $1 in the future, there will need to be a large demand and continued investor interest for meme coins. Traders can create their strategies by following such developments closely.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
