Robinhood has come to a point in terms of finances that only Shiba Inu can bring profits and generate revenue. Robinhood’s shares are falling sharply and the top exchange platform could be staring at an upcoming financial crisis.
Its shares have dipped to $19 after opening at $38 per share in July 2021. Add to its misery, its Q3 results has shown a dip in revenue as compared to its Q2 profits. Its crypto trading revenue is just $51 million as compared to $233 million during the second quarter of 2021. Also, 61% of its Q2 profits came from Dogecoin alone.
The drastic dip in crypto revenue can be due to Dogecoin’s price being stagnant since May 2021. Doge has shown limited growth during the second half of 2021 and its hype fizzled out. Investors jumped in on other tokens and therefore Robinhood suffered a dip in revenue.
While all the top 10 platforms have listed Shiba Inu, only Robinhood is the odd one out among the exchange firms. The leading platform is missing out on the larger share of the revenue pie that could generate millions. The firm is also letting its customers be devoid of SHIB despite it being the most talked about crypto in the world.
Overall, not listing Shiba Inu will only do harm to Robinhood. They exchange platform needs to get its act straight and focus on revenues not only for itself but for its shareholders too. Only a Shiba Inu listing will do good to Robinhood and its shareholders. A SHIB listing will open the floodgates to new customers and also propel the meme-tokens price to new highs.
In conclusion, the only saving grace for Robinhood in 2022 is Shiba Inu as it can generate larger revenues.
Shiba Inu Gets Listed By Spain’s Bit2Me
Spain’s leading exchange Bit2Me listed Shiba Inu today. The listing has opened the gates to new investors. Shiba Inu is now listed on all top 10 exchange platforms and is finding its way in to other exchanges.
“We add NEW CRYPTOCURRENCY: SHIBA – $SHIB. At last we add one of the cryptocurrencies that you have asked us the most. Although its initial goal was to dethrone Dogecoin, the first meme currency, SHIBA has become one of the 20 largest cryptos in the world,” tweeted Bit2Me.
At the time of publishing, Shiba Inu was trading at $0.00003400 and is up +4.35% in the days trade.