Robinhood Lists Shiba Inu and 3 More Cryptocurrencies — SHIB Price Soars

Popular trading platform Robinhood has listed shiba inu (SHIB) as well as three other popular cryptocurrencies. Supporters of the meme crypto have petitioned for months for Robinhood to list SHIB.

Popular trading platform Robinhood announced the listing of four new cryptocurrencies Tuesday. The company wrote:

We’re pleased to announce that customers can now buy and sell four additional cryptocurrencies through Robinhood Crypto: compound (COMP), polygon (MATIC), solana (SOL) and shiba inu (SHIB).

Supporters of shiba inu are ecstatic to see that SHIB is now live on the Robinhood app. The SHIB community has been petitioning on Change.org for the platform to list the meme coin since October last year. Nearly 560K signatures have been collected as of Tuesday.

“Over the past year, our crypto customers have consistently asked for two things: the ability to send and receive their tokens, and a broader selection of cryptocurrencies,” the Robinhood announcement noted.

The company added that it has addressed customers’ top request by rolling out new crypto wallets to over two million users.

Steve Quirk, chief brokerage officer at Robinhood, commented:

We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto.

He further opined: “As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform.”

Robinhood noted that while the new crypto assets can now be bought and sold, “Deposit and withdrawal won’t be available immediately for these assets, but that capability is coming soon.”

At the time of writing, SHIB is trading at $0.00002799 per coin. It has risen more than 20% over the past 24 hours and more than 5% in the last seven days, based on data from Bitcoin.com Markets.

What do you think about Robinhood finally listing shiba inu? Let us know in the comments section below.