The Shiba Inu army isn’t tired of saying ‘Hey Robinhood, when SHIB?’. The voices are only getting louder by the day, and top Robinhood executives are unable to escape interviews without answering questions about Shiba Inu. In an interview today, Vlad Tenev, CEO of Robinhood, was asked if the platform plans to add more cryptocurrencies.
Both Vlad Tenev and Irvin Sha, Head of Investor Relations and Capital Markets at Robinhood, were reading questions from users. Irvin read out an interesting question that came from users named Zachary W and Israh B. While the question was about ‘If Robinhood plans to add more cryptos’, it boiled to the one crypto whose community Robinhood cannot escape. The question remained, “list Shiba Inu, Vlad?”
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“Great. Next, we have some questions on adding new crypto coins to the platform from Zachary W and Israh B. The general question is, does Robinhood plan to open trading to other cryptocurrencies? And are we going to list Shiba Inu, Vlad?” read Irvin Sha.
Vlad did not specifically confirm Shiba Inu by name in his answer but said, “So we’ve been hearing from customers loudly. We know they want more cryptocurrencies on the platform, and we’ve actually been proactively engaging with regulators.”
He continued, “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.”
The CEO confirmed that Robinhood does not want disputes with the SEC and the firm remains cautious with its moves.
”We want to avoid triggering SEC registration requirements for cryptocurrencies. That said, we have robust protocols in place. We feel very confident about the coins that we have on the platform, and we intend to add more coins going forward that we want to do it prudently.”
Robinhood to List Shiba Inu in February 2022?
Political news website Zero Hedge sent out a tweet in bold letters claiming Robinhood will list SHIB in February 2022. They also called RH’s decision on SHIB listing “is about 6 months too late”. “SHIBA INU ROBINHOOD LISTING SAID TO COME AS EARLY IN FEB. This is about 6 months too late,” the tweet read.
An hour after the tweet was out, First Squawk, a global financial news network repeated the same in their tweet. “SHIBA INU ROBINHOOD LISTING SAID TO COME AS EARLY IN FEB.”
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However, Robinhood has not specifically confirmed listing SHIB yet and has mostly remained tight-lipped about the development. We’ll have to wait and watch for an official confirmation if the leading exchange will get SHIB onboard or not.
At press time, Shiba Inu was trading at $0.00002084 and is up +0.28% in the 24-hours day trade. The meme-token traded down -20.5% in the last 7-days. SHIB had reached an all-time high of $0.00008616 in October 2021 but is now down -75.6% from its ATH.