Robinhood Launches Shiba Inu Coin to New Markets: Hawaii, Puerto Rico, and the U.S. Virgin Islands

Residents of Hawaii, Puerto Rico, and the U.S. Virgin Islands can now trade Shiba Inu (SHIB) through Robinhood’s trading platform.
Robinhood revealed the development in a post today, highlighting the move as part of an expansion of its services in the United States.
Robinhood promotes SHIB adoption with expansion plan
With Robinhood’s trading services now available in Hawaii, Puerto Rico, and the U.S. Virgin Islands, cryptocurrency enthusiasts in these U.S. territories can buy and sell supported digital assets on the platform, including Shiba Inu.
Robinhood’s further expansion into these regions will further enhance Shiba Inu’s visibility and potentially drive mainstream adoption of the token. This isn’t the first time Robinhood has expanded Shiba Inu’s reach in the United States.
In October, the company expanded its cryptocurrency trading services to Nevada, enabling users to trade 15 cryptocurrencies including SHIB. Additionally, Robinhood made SHIB, Compound (COMP), and Avalanche (AVAX) available to customers in New York in April.
Robinhood is continuing its efforts to expand its cryptocurrency trading services to more U.S. territories, such as the U.S. Virgin Islands, Hawaii, and Puerto Rico. While Robinhood did not share specific details about the recent milestone, entering these regions requires the company to obtain relevant licenses.
SHIB surges 1.07% amid continued support from Robinhood
As of this writing, Shiba Inu is up 1.07% in the past 24 hours and is trading at $0.00001731. This growth is in line with the price action of Bitcoin (BTC), which has gained 0.76% in the past 24 hours.
It is worth mentioning that Robinhood included SHIB in the trading list in April 2022, following tremendous pressure from Shiba Inu community members. Since then, Robinhood has been one of SHIB’s avenues for massive acquisitions. In May, a cryptocurrency whale transferred $1.75 trillion of SHIB from Robinhood to an unmarked blockchain wallet.
Robinhood’s SHIB holdings
Meanwhile, Robinhood is currently one of the top holders of Shiba Inu, with one of its wallets holding 33.95 trillion SHIB, equivalent to $588 million, making the wallet the fourth-largest holder of the dog-themed token.
In addition, two other wallets associated with Robinhood hold 568 billion and 480 billion SHIB respectively. Interestingly, these addresses rank among the top 20 holders of SHIB.
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