When Will Robinhood List Shiba Inu (SHIB)?
by Best Owie · · 2 minute read
Shiba Inu has been one of the top-performing altcoins of 2021. It has been listed on major exchanges and its community continues to expand. Its holder base has grown rapidly in a couple of months, finally crossing the one million holders mark in November. Nevertheless, the meme coin has not found favor on the one trading platform that holders are desperate to get it on, which is Robinhood.
Robinhood is often the first point of contact for a lot of U.S. investors in the crypto market. Its listing of Dogecoin during the start of the meme coin craze had made the cryptocurrency a gateway investment into the crypto space.
A couple of months ago, a petition had gone up on Change.org for the trading platform which is known for being a big Dogecoin trading app to list the Doge competitor. The petition had gone viral and has so far garnered over 520,000 signatures. Yet, there is no sign of the trading platform listing the meme coin.
One thing that has remained consistent has been the support for the meme coin listing on the platform. For Shiba Inu holders, listing on Robinhood would finally put the dog-themed coin on a level where it can properly compete with Dogecoin.
Support Ramps Up For Shiba Inu On Robinhood
Robinhood remains the only major crypto trading platform that is yet to list Shiba Inu. With the Kraken listing on Tuesday, the digital asset had checked the last one off the list of the top 10 cryptocurrency exchanges. This has positioned SHIB as a top player in place, alongside being the 12th largest cryptocurrency by market cap.
Calls for the listing on Robinhood have ramped up recently. Robinhood trended on popular social media platform Twitter after SHIB supporters took to the website to show their support for the listing.
Shiba Inu’s influence on Twitter cannot be overestimated as the official account of the digital asset has now garnered over 2.1 million followers on the platform. The community has often used this influence to push for more adoption of the meme coin, like in the case of the AMC Theaters adoption. This time around, the community has focused its efforts on a possible Robinhood listing.
Why Should Robinhood List SHIB?
There are a number of reasons why Robinhood should list the meme coin, all of which work to benefit both Robinhood and Shiba Inu supporters. For starters, SHIB currently has over 1,020,000 holders. By listing the digital asset, Robinhood could tap into this large user base, increasing its customer base in the process.
For SHIB holders, listing on Robinhood would enable investors to be able to easily purchase the altcoin, in addition to being able to compete with rival Dogecoin on its biggest supporter platform.
Robinhood is still yet to comment on whether it plans to list Shiba Inu for trading anytime soon. However, with massive adoption coming from major crypto exchanges, it is only a matter of time until the trading app is forced to make a move on the matter.