Robinhood Markets has added four new cryptocurrencies to their platform, including the Shiba Inu coin. With this, investors can now trading 11 cryptos on its platform, including Bitcoin, Ethereum and Dogecoin.
Shiba Inu is a cryptocurrency that was created on the Ethereum blockchain. The currency was created with the intention of becoming a meme coin, and its Shiba Inu dog logo is based on the Doge meme. Shiba Inu has no central authority or owner, and anyone can buy or sell the currency on exchanges such as Robinhood. The currency has seen explosive growth in recent months, and its price has surged from around $0.000001 in January 2021 to $0.000038 in May 2021. Despite its recent success, Shiba Inu remains a risky investment, and its price could crash just as quickly as it has risen.