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A Dogecoin (DOGE) rival has rallied after suddenly being listed on retail trading giant Robinhood’s platform. In a new announcement, Robinhood says that the dogwifhat (WIF) is available for trading on Monday. Amid the news, the memecoin soared to a high of $3.62, up from Sunday’s low of $3.06. WIF has settled down to $3.24 at time of writing, up 4.7% in the last 24 hours. With a market cap of $3.2 billion, the Solana (SOL)-based memecoin is the 49th largest crypto project. Earlier this month, top US-based crypto exchange platform Coinbase announced support for WIF, which launched less than a year ago in December 2023 as a community-driven memecoin with a fixed supply. The digital asset displays the image of a Shiba Inu dog wearing a pink knitted hat. For Robinhood, it is only the latest addition of several digital assets added to its suite of crypto trading options. Two weeks ago, Robinhood announced it was adding smart contract platforms Solana and...

California-based crypto trading platform Robinhood has extended its services to Nevada, U.S. Among the tokens now available in Nevada is Shiba Inu (SHIB), the popular dog-themed memecoin. Robinhood took to X (formerly Twitter) to announce the development. Also Read: Pepe Outperforms Shiba Inu and Dogecoin, Rallies 49% Robinhood Crypto is now available in Nevada! Buy, sell and transfer 15 cryptocurrencies! See list 🔗 https://t.co/er9TOpJm9Q More info: https://t.co/uFJGPLZKQ8 — Robinhood Help (@AskRobinhood) October 25, 2023 As per the official announcement, Nevada residents can now trade and buy SHIB on Robinhood without paying any fees or commission. Investors can now purchase the popular memecoin for as little as $1. At current rates, $1 would get an investor about 142857.14 SHIB tokens. Robinhood only lists tokens approved by U.S. authorities, as the rules are different in each state. Currently, only 15 digital assets are available on Robinhood ...

The full launch and removal of the 1 million waitlisted users come six months after Robinhood launched its beta version in September. Trading platform Robinhood has launched its Web3 wallet on Apple’s App Store, becoming available to iOS users in over 130 countries. Robinhood shared the news in a Mar. 1 post, stating that users would no longer need to sit on a waitlist to access the new multi-chain, self-custody wallet. It added that it will be supported on Android “later this year.” #Robinhood Wallet is now available to everyone with iOS: https://t.co/yUdL8jCgJN pic.twitter.com/q7RIWBJUIT — Johann Kerbrat (@JohannKerbrat) March 1, 2023 Since the beta launch of the Robinhood Wallet in September, the trading platform integrated Ethereum — in addition to already supporting Polygon — and added 50+ ERC tokens to be bought, sold and held on the self-custody wallet. Among the tokens now supported include USDC, UNI, MATIC and SHIB. These tokens can be traded without paying transaction...