Robinhood CEO Vlad Tenev appeared on a segment on CNBC ‘Mad Money – The Rise of Retail Investor’. Television personality Jim Cramer hosted the show. Cramer directly asked Tenev the million dollar question – Will Shiba Inu be listed?
”People are chatting about Shiba (Inu). Do you see Shiba being traded (on your platform)?”
Tenev, smiled and gave a long pause before answering the question. He was however, spoken over by Cramer while he answered.
”We only offer seven coins currently and I think it goes back to safety first. So we’re not generally going to be the first to add any new asset. We want to make sure that it goes through a stringent set of criteria.”
Moreover, Tenev has not revealed in the segment if Shiba Inu would be listed on Robinhood. However, he did not outright refute Cramer’s question either but chose to respond tactfully.
Robinhood CEO’s Body Language
The investors community are glad that Cramer read the social media space and brought it to Vlad’s notice during the segment.
Many investors claim that Vlad’s smile and the long pause before answering the question shows that SHIB would indeed be added on Robinhood. However, body language before answering a question is not a criteria for confirmation.
The social media has widely shared the CNBC video and Robinhood is receiving thousands of tags and comments to list SHIB.
Above all, investors believe that a Robinhood listing will propel the coin to new heights and deliver the much-awaited results.
Robinhood Denied Rumours
Robinhood Comms has however denied listing Shiba Inu on their platform. The tweet read,
”We have not made any announcements with regards to SHIB or any other upcoming coins.”
After Vlad’s interview with Cramer, Robinhood retweeted the same information yesterday.
Shiba Inu Basks in the Limelight
Shiba Inu has had a phenomenal 7-days trading volume of $3.4 billion and is displaying bullish sentiments. The token had risen +360% during the first week of October, 2021.
Most importantly, Shiba Inu has become the talk of the town in the crypto sphere and is basking in the limelight. As a result, top crypto influencers have started talking widely about it.
Robinhood Needs New Cryptocurrencies?
Robinhood saw exponential growth after listing cryptocurrencies on their app. They earned close to 41% of their net revenue in FY21 through cryptos.
Their quarterly filing shows they earned $233 million in revenue with cryptocurrencies. 62% of these transactions came from Dogecoin alone.
At present, WeBull, eToro, Coinbase Pro, Binance and Coinbase, have listed SHIB on their platform.
Shiba Inu at the time of publishing was trading at $0.00002731 and is down -4.14% in the days trade.
The coin displays bullish sentiments and if Robinhood listing goes through, its price could propel and reach new highs.