Shiba Inu [SHIB] along with several leading altcoin company assets has won entry into Robinhood’s web3 wallet, announced Johann Kerbrat, General Manager of the trading company.

The new wallet launched by Robinhood is a smartphone app that makes it easy for users to exchange and transfer cryptocurrency, and view NFTs and cryptocurrencies they own.

For now, the app is slowly rolling out to more than 1 million waitlisted users via passcode, according to the trading firm. It previously launched in beta to just 10,000 waitlisted customers in September.

Initially, Robinhood Wallet started its journey on Polygon, an Ethereum sidechain, to offer exchanges without network fees. It recently added support for Ethereum.

Additionally, the listed Robinhood app 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 Robinhood Wallet was created to compete with the well-known Ethereum wallet app, MetaMask.

“We built this product to solve the challenges that many users had when using competitive products, including unintuitive design and high fees,” Kerbrat said in a press release. “We hear from our beta users that other products on the market are too complicated and difficult to use.”

As for the Shiba Inu memecoin, the token garnered a lot of attention when it was listed in the Robinhood app in April last year, much to the delight of the SHIB community.

Shiba Inu listing in Robinhood Hogged Limelight

It’s worth remembering that the Shiba Army generated excitement with a Change.org petition to include the dog-themed cryptocurrency in the no-fee investing app that garnered nearly 600,000 signatures.

Apart from Robinhood, the token got several listings on well-known crypto exchanges, for example, Bitstamp on October 1st.

The largest European exchange had launched SHIB trading in other markets before bringing the token to US customers.

As reported by TronWeekly, the asset gained further prominence in terms of fiat transactions as it was revived by Upbit, a well-known cryptocurrency exchange in South Korea.

The trading platform added the popular token to its list of fiat transactions.