Shiba

Nevada

United

Shiba Inu

Trillion

<ul class="list-ic vertical">
 <li>1 <a>Robinhood recently started offering its trading services in the Nevada state of the United States.&nbsp;</a></li>
 <li>2 <a>Many companies prefer to move out operations from the U.S. but the commission-free trading platform seems ‘defying the odds’.&nbsp;</a></li>
</ul>
The cryptocurrency market in the United States has been under the hood for the past several months given the ramped-up regulatory scrutiny. As a result, many companies in the space have either considered expanding offshore or minimizing their operations in the country. Amidst these circumstances, zero-commission trading platform Robinhood was seen to expand in the country adding another U.S. state to offer services.
Robinhood Crypto announced on Wednesday, October 25, that it is now available in Nevada. With the recent addition of the state, the company has now extended operations to the seventh-largest U.S. state. It also published a list of 15 digital assets that will be available for selling, buying, or trading over the platform in the region.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Robinhood Crypto is now available in Nevada! Buy, sell and transfer 15 cryptocurrencies! See list <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/er9TOpJm9Q" rel="noopener noreferrer nofollow">https://t.co/er9TOpJm9Q</a> More info: <a href="https://t.co/uFJGPLZKQ8" rel="noopener noreferrer nofollow">https://t.co/uFJGPLZKQ8</a>— Robinhood Help (@AskRobinhood) <a href="https://twitter.com/AskRobinhood/status/1716971859634254130?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 25, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
The assets offered by Robinhood include prominent crypto assets such as Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Dogecoin (DOGE), Shiba Inu (SHIB), etc. The company noted that these services will be offered in Nevada and other U.S. states but highlighted that residents of New York and Texas states will not be able to benefit from the services.&nbsp;
Robinhood assured that investors can start their crypto investment from as low as $1, buying even the smallest fraction of the cryptocurrency of their choice.&nbsp;
The company will be providing real-time market data for about fifty digital assets including Binance Coin (BNB), Cardano (ADA), Solana (SOL), Tron (TRX), Polkadot (DOT), Maker (MKR), and several others.&nbsp;
To comply with regulatory requirements in various U.S. jurisdictions, Robinhood Crypto segregates its tradable assets. As an example, the platform offers support for only 15 digital assets, allowing users to engage in buying, selling, and accessing real-time market data on Robinhood Crypto.
It’s important to emphasize that the provision of real-time market data for these tokens does not necessarily indicate that the platform intends to list these tokens at the moment. However, the platform has highlighted the potential for future support in buying and selling up to 50 tokens on the platform.
<h2 class="wp-block-heading" id="strong-shiba-inu-topping-robinhood-s-list-of-favourites-strong">Shiba Inu Topping Robinhood’s List of Favourites&nbsp;</h2>
Robinhood included the popular meme currency <a href="https://www.thecoinrepublic.com/2023/10/20/shiba-inu-price-prediction-will-shib-reach-1-mark-ever/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) in the recent offering to the Nevada state. This grabbed attention, given that the trading platform has amassed a significant number of SHIB tokens.&nbsp;
The commission-free trading platform was reported to become one of the biggest holders of Shiba Inu worldwide in September 2023. In total, it accumulated 34 Trillion Shiba Inu tokens by the time which was worth $279.85 Million.
Earlier, Robinhood also had a significant amount of 20 Trillion SHIB tokens but adding another 14 Trillion till September made the numbers attain unprecedented highs, especially for a trading platform. It benefitted the firm in both ways as it accumulated the notable size of digital assets along with strengthening its position as the biggest SHIB holder.

Robinhood Expands Services Within the U.S., Adds Nevada State

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 26, 2023

The Chamber of Digital Commerce is opposed to the SEC’s overreach in the Binance action.

Scaramucci predicts Sam Bankman-Fried will be ‘skinned alive’ at trial

Chains Beyond Borders: FD CAPITAL’s Investor Day Takes Dubai by Storm on November 1st, 2023

Ethereum vs Bitcoin: The Ultimate Comparison of Cryptocurrency Pioneers

AI-Powered Metaverse: Transforming the Digital Landscape

Community responds to LBRY collapse and SEC dismissing XRP case

Join our free newsletter for daily crypto updates!