Robinhood Expands Crypto Capabilities with Shiba Inu Transfer Availability  

• Robinhood now supports Shiba Inu (SHIB) transfers, enhancing crypto trading for European users.  
• European users get a 1% bonus on SHIB deposits for a limited time on Robinhood.  
• The addition of SHIB transfers signifies Robinhood’s focus on expanding cryptocurrency services.  

Robinhood Crypto, a prominent player in retail crypto trading, has taken another step to expand its European cryptocurrency offerings by adding support for Shiba Inu (SHIB) transfers. The new feature enables users to deposit and withdraw SHIB tokens seamlessly within the app, marking a significant addition to the popular meme-based cryptocurrency. Following this announcement, the platform’s utility in Europe continues to grow, enhancing its appeal among SHIB enthusiasts and crypto traders.

Broader Access to SHIB on Robinhood

This recent update comes as part of Robinhood’s ongoing efforts to enhance its European crypto services. Launched initially in the European Union in December, Robinhood Crypto initially allowed users to buy and sell a select range of cryptocurrencies. However, it did not support external transfers, limiting users’ ability to move their crypto holdings between platforms or to self-custody wallets. This update changes that, bringing more flexibility and options for European customers.

Expanding Crypto Services Beyond SHIB

Robinhood has also expanded cryptocurrency transfers for several major tokens, including Bitcoin, Ethereum, Solana, PEPE, and Stellar (XLM). By incorporating SHIB transfers into its platform, Robinhood strengthens its support for popular crypto assets, catering to the demands of a growing user base seeking easy, flexible options for managing their crypto assets across platforms.

In addition to the new transfer capabilities, Robinhood is offering a limited-time promotion. Users transferring cryptocurrency into Robinhood will receive a 1% bonus of the value deposited in the equivalent cryptocurrency. This promotion aims to attract additional deposits while rewarding users, particularly as new transfer options for SHIB and other cryptocurrencies become available.

News of the SHIB transfer addition has sparked discussions within the Shiba Inu community. Lucie, a prominent team member, expressed excitement, hinting at a possible addition of BONE, the Shibarium network’s gas token. With SHIB’s transfer functionality now live, the community is optimistic that BONE may follow, broadening Robinhood’s range of Shiba Inu ecosystem assets.