Robinhood appears to be wooing the Shiba Inu community amid registration rumors
No-fee online trading app Robinhood mentioned Shiba Inu in its multiple-choice question about determining the strength of cryptocurrency projects.
The question was posted as a story on Instagram as part of the company’s #RobinhoodLearn initiative.
Its followers were asked to choose between three options: the community, Elon Musk’s endorsements, and the amount of Shiba Inu comments.
In a separate tweet, Robinhood, of course, made it clear that cryptocurrencies are as strong as their communities, which are made up of holders, developers, miners and other user groups.
Nearly 500,000 signatures
The clamor of Shiba Inu fans has been extremely hard to ignore for Robinhood.
A Change.org petition to add canine cryptocurrency to the popular online brokerage platform has now garnered 485,000 signatures.
Each tweet posted by Robinhood is inundated with calls to add SHIB.
Supporters of the hottest meme argue that listing could be a boost for the company’s struggling cryptocurrency activity.
As reported by U.Today, Robinhood’s crypto trading revenue saw a massive 78% quarter-over-quarter drop, which was mainly attributed to waning interest in Dogecoin.
Robinhood is in no rush to list SHIB
Despite huge demand, Robinhood is biding its time to add Shiba Inu to its trading platform.
As reported by U.Today, the company recently started emailing a survey about their users’ altcoin purchases that included the meme cryptocurrency.
However, CEO Vlad Tenev made it clear that the online brokerage firm is in no rush to list SHIB, citing security concerns:
I think it goes back to safety first. We are not generally going to be the first to add any new asset. We wanna make sure that it goes through a stringent set of criteria.
