Decentralized cryptocurrency Shiba Inu (SHIB), inspired by Dogecoin, is attracting new interest from investors following reports that it will be listed on Robinhood’s popular retail brokerage platform in February 2022. So let’s dig in and find will Robinhood list Shiba Inu?
Shiba Inu Coin (SHIB) increased towards the end of 2021, reaching 1 million holders, but does Robinhood support or list SHIB?
According to Change.org, a campaign to include Shiba Inu on Robinhood already has 556,320 signatures in writing. The brokerage platform is still popular with ordinary investors looking to obtain exposure to well-known cryptocurrency names.
Before its inclusion on the famous brokerage site, Dogecoin, a cryptocurrency that saw a similar momentum outburst in 2013, recorded significant increases.
Robinhood’s COO Christine Brown had already cast doubt on Shiba Inu’s stock market debut back in November. Brown noted that the company was following a more targeted strategy than its rival Coinbase:
"I also think that our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now." She further added, "We think that the short-term gain we might get is not worth the long-term trade-off for our users."
According to the latest rumors, Robinhood management appears to have changed its mind about Shiba Inu adoption.
Aparna Chennapragada, chief product officer at Robinhood, recently told Bloomberg TV that the company “really appreciates” the Shiba Inu community and does not take its energy for granted.
It should be kept in mind there is no official announcement from Robinhood to verify these rumors so take this information with a pinch of salt.