- Only seven coins may presently be traded on the platform.
- More than 500,000 people have signed a Change.org petition.
At the end of 2021, Shiba Inu Coin surpassed 1 million holders, and it surged swiftly after that, just to fumble to the recent crypto market crash. SHIB holders are looking to Robinhood to complete their listing collection after getting a Coinbase listing in September 2021 and subsequent listings on Kraken and CoinDCX.
By the end of January 2022, Robinhood will not support the Shiba Inu coin and has not confirmed any intentions to list SHIB. Only seven coins may presently be traded on the platform. Prospective SHIB holders will instead need to seek SHIB on exchanges such as Binance, Coinbase, Gemini, and others. In the SHIB community, rumors of Robinhood’s support for SHIB are commonplace. Rumors, on the other hand, are often just that.
Demand is Clearly High
Robinhood’s intentions for a SHIB listing are unknown, but the demand is clearly high. More than 500,000 people have signed a Change.org petition requesting Robinhood to include SHIB in its product line. According to the petition, the success of Robinhood’s Dogecoin listing shows that SHIB has the potential to be just as successful.
On Shiba Inu, Robinhood CFO Jason Warnick is the most recent formal remark. During the Wall Street Journal CFO Network Summit, Warnick was questioned about new listings and Shiba Inu.
Warnick said:
“It’s not lost on us that our customers and others would like to see us add more coins. We’re a highly regulated company in a highly regulated industry, and we think it’s important that we get a bit more clarity from regulators.”
It’s hard to accurately predict when SHIB will be listed on Robinhood, but the SHIB army can hope it’s this year.
