Shiba Inu (SHIB) seems to have been listed by commission-free investing app Robinhood
The Meme Shiba Inu cryptocurrency appears to have been listed by commission-free investing app Robinhood, according to a listing bot. The meme piece is now appearing on the official website, although the company has yet to officially announce the new addition to its lineup.
The price of the SHIB token is up 8.3% on the news, outperforming the rest of the major coins amid lethargic market action. It is currently trading at $0.00002479 on the Binance exchange.
Shiba Inu was listed alongside Solana (SOL), Polygon (MATIC) and Compound (COMP), bringing the total number of cryptocurrencies available to 11.
The canine token had been the most-requested cryptocurrency among Robinhood users. A Change.org petition to list the whimsical cryptocurrency has reached 559,661 signatures.
Robinhood CEO Vladimir Tenev and other top executives have repeatedly dodged the burning question of whether or not Shiba Inu should be listed on the platform, fueling speculation within the community. In November, Christine Brown, chief operating officer of the company’s crypto division, made it clear that the company favors quality over quantity, appearing to go after crypto-native competitors with less conservative listing policies.
Robinhood launched support for crypto trading in early 2018, originally adding support for Bitcoin and Ethereum. It later also added Litecoin, Ethereum Classic, Bitcoin Cash and Dogecoin to the mix during the same year. Despite the fact that the crypto market has evolved by leaps and bounds since 2018, the company had abstained from listing new coins until now.
The commission-free trading app has 17.3 million active users after becoming the go-to trading app choice for millennials. Still, its shares are down more than 86% from the peak of August 2021. It experienced a fall from grace in the third quarter of 2021 due to the rapid decline in business activity.
