Enthusiasts of Shiba Inu are rallying for the dog-themed token to be listed on Robinhood, a popular mobile trading app. In the summer of 2021, they had started a petition to convince Robinhood to list SHIB. The petition has garnered over 550,000 signatures and may soon achieve its target of one million signatures.
Speculations are rife, thanks to news platform ZeroHedge’s tweet, that Shiba Inu would make it to Robinhood’s listing as early as February. However, the trading app has neither confirmed nor denied the rumors. Christine Brown, the chief operating officer of Robinhood Crypto, had said in November 2021, that the platform was not in the rush to add any new cryptocurrencies. Brown added that Robinhood is cautious about listing volatile coins that might be risky for consumers or violate regulations.
Vlad Tenev, the CEO of Robinhood, had said they are very careful about whether to list or not to add the new tokens to its offerings. He pointed out that the platform feels very good about the cryptos it has listed. Tenev shared that Robinhood wants to feel the same if not more good about listing new coins.
Whatever may it be, ZeroHedge’s news sent the price of SHIB up more than 15%. But the price soon fell and has been down by 2.58% in the last 24-hours, as per CoinMarketCap. In October 2021, Elon Musk’s ambiguous tweet helped Shiba Inu jump 21%. Vitalik Buterin, the founder of Ethereum, burned 90% of his SHIB holdings, worth $6.7 billion, and gave half of its total supply in charity, including the India COVID-19 relief fund.
Shiba Inu, a decentralized cryptocurrency, also called the DOGECOIN KILLER was created in August 2020.