Robinhood has been teasing the Shiba Inu [SHIB] community for quite a while now. As uncertainty about listing the meme coin persists, the Chief Brokerage Officer [CBO] of Robinhood restored hope into the community.
‘Hey, Robinhood when SHIB?’ has been making the rounds in the crypto-verse. Despite consistent requests from the SHIB Army, Robinhood continued to look the other way. While the CEO of the firm, Vlad Tenev has time and again admitted that new cryptocurrencies would be making a debut on the platform, the chances of Shiba Inu making the cut remained uncertain.
More recently, the firm’s CBO Steve Quirk pointed out that they were exploring compliant ways to onboard more cryptocurrencies. He said,
This wasn’t the first time that the execs of Robinhood addressed regulations and compliance in general. Previously, CEO Tenev said,
“So the main concern with adding a large number of coins is that platforms that are adding lots of them could be adding unregistered securities. So they’re watching the space closely. We’re being deliberate.”
‘Robinhood list Shiba Inu’ Petition Continues To Amass Signatures
Currently, Robinhood entails a total of seven cryptocurrencies including the OG meme crypto, Dogecoin [DOGE]. Following the listing of DOGE, Robinhood managed to see immense success. Therefore, listing Shiba Inu is speculated to bring more triumph to the platform.
A petition urging Robinhood to list Shiba Inu was started a few months ago. Despite being several months old, the petition continued to garner signatures. At present, the petition was signed by more than 5.5 million people.
As rumors of Robinhood listing SHIB surfaced, the price of the meme coin was also surging. At press time, Shiba Inu was trading for $0.0000333. The altcoin managed to soar by a whopping 63% over the last couple of days which was comparatively higher than that of other cryptocurrencies.
Additionally, the meme coin was inching closer to its rival Dogecoin in terms of market cap. A possible Robinhood listing could go a long way for SHIB in flipping DOGE.