Robinhood, a well-known trading platform in the United States, has now made the Shiba Inu (SHIB) token available to its customers in New York. Along with Shiba Inu, Robinhood has also added two other cryptocurrencies, Compound (COMP) and Avalanche (AVAX), to the list of assets that can be traded by its customers in New York. This brings the total number of crypto assets available for trading on Robinhood in New York to 11, including Bitcoin, Ether, Dogecoin, Litecoin, Bitcoin Cash, Chainlink, Aave, Ethereum Classic, Shiba Inu, Compound, and Avalanche.
The official Shiba Inu X account also acknowledged this recent development, giving a nod to the famous song “Empire State of Mind” by Jay Z and Alicia Keys, which portrays New York as a place where dreams can come true.
It is important to note that Robinhood initially listed Shiba Inu in 2022, but due to regulatory issues, it was not available to all customers. New York, in particular, has strict regulations regarding cryptocurrencies, which has caused delays in making Shiba Inu available to residents in the state. However, Robinhood’s decision to now offer Shiba Inu in New York suggests that they have met all regulatory obligations.
Since listing Shiba Inu in 2022, Robinhood has shown continued support for the token. Last month, the platform launched an Android version of its mobile wallet, which included support for Shiba Inu. Notably, Shiba Inu is currently the third largest crypto asset in Robinhood’s portfolio, with a total holding of 42.123 trillion SHIB, valued at $1.06 billion.
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