Shiba Inu [SHIB] along with several leading assets of the altcoin troupe has gained entry into Robinhood’s web3 wallet, Johann Kerbrat, the trading firm’s General Manager announced.
The new wallet launched by Robinhood is a smartphone app that facilitates users to swap and transfer crypto, and view owned NFTs and crypto.
For now, the app is being slowly rolled out to over 1 million waitlisted users via an access code, according to the trading firm. It was previously released in beta to just 10,000 waitlisted customers in September.
Initially, the Robinhood Wallet began its journey on Polygon, an Ethereum sidechain, to offer swaps without network fees. It has just recently added support for Ethereum.
Additionally, the Robinhood app listed integrated more than 50 ERC-20 tokens, including Shiba Inu. Customers can now transfer tokens from the Robinhood app and other platforms to their Robinhood Wallet, including COMP, MATIC, SOL, UNI, USDC, and more.
And that made sense given that the Robinhood Wallet was made to compete with the well-known Ethereum wallet application, MetaMask.
“We built this product to solve the challenges that many users had using competing products, which include unintuitive design and high fees,” Kerbrat told in a media statement. “We heard from our beta users that other products in the market are too complicated and difficult to use.”
As for the memecoin Shiba Inu, the token gained much attention when it was listed on the Robinhood app in April of last year, much to the delight of the SHIB community.
Shiba Inu’s Listing On Robinhood Hogged Limelight
It is worthwhile to recall that the Shiba army raised the hype with a Change.org petition to list the dog-themed cryptocurrency on the commission-free investing app that gained nearly 600,000 signatures.
Apart from Robinhood, the token scored several listings across well-known crypto exchanges, for instance, Bitstamp last Oct.
The largest European exchange had launched SHIB trading in other markets prior to its bringing the token to the US. customers.
As reported by TronWeekly, the asset gained further prominence in terms of fiat transactions by being revived by Upbit, a well-known cryptocurrency exchange in South Korea.
The trading platform added the popular token to its list of fiat transactions.