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Shiba Inu’s onboarding on the Robinhood exchange was a spectacle in the broader cryptocurrency market. The trading exchange listed SHIB on April 12, 2022, with great pomp and grandeur. Under every Twitter post of the trading platform, the community bombarded them with ‘Hey Robinhood, When SHIB?’ and even CNBC’s Jim Cramer got talking about it on his segment Mad Money with CEO Vlad Tenev. Also Read: 10M, 500M SHIB Could Be Worth $2.5B by 2050: Here’s How Talks about Shiba Inu soaring in value were the talk of the town as Robinhood boasts of nearly 26 million users. It was expected to receive an influx of funds as millions of users were allowed to buy the token. Several new traders brought SHIB after the listing, taking both short and long-term entry positions. Downloads and new registrations on Robinhood also experienced a surge with younger investors making a beeline to buy the token. Shiba Inu Investors on Robinhood Source: Watcher Guru Robinhood has not offic...

Robin HOOD released its Q2 2023 earnings report a few hours back. The platform reported a crypto Trading revenue of $31 million for the second quarter. The figure mentioned above is down 18% from Q1’s $38 million. The latest crypto volume accounted for 16% of Robin HOOD ’s aggregate Trading volume in Q2. The crypto assets under custody did not register any change when compared to the first quarter. Robinhood reported having $11.5 billion in assets under management at the end of Q2. Nevertheless, the number rose fairly from December 2022’s $8.431 billion. During the earnings call, Vlad Tenev, the company’s Co-Founder and Chief Executive Officer said that users get “more crypto ” for their dollar than most other competitors. He mentioned that the company’s goal is to be the safest and most trusted place for customers to hold, trade, and transact crypto . Tenev added, “With all of the turmoil in the space over the past year or ...