When Will Shiba Inu (SHIB) Be Listed In Robinhood? This Is The Latest Leaked Information
JAKARTA – The Shiba Inu community is actively signing a petition so that SHIB tokens can be listed on one of the largest crypto exchanges, Robinhood. The Shiba Inu crypto enthusiast's request was responded to by Robinhood COO Christine Brown.
Brown himself credits the Shiba Inu community for the effort, but says safety is the platform's priority over the “short-term gains” from listing new tokens to be traded. Brown made this statement in an interview at the Crypto Goes Mainstream event which was broadcast live on YouTube on November 10, 2021.
“One of my favorite things is seeing the community around this coin really engaging with us and telling us what they want,” said Brown commenting on Shiba Inu and SHIBAMY.
On the other hand, Brown doesn't really know whether the stock and crypto trading app will bring Shiba Inu (SHIB) tokens on the platform or not. Currently SHIB is one of the largest cryptocurrencies by market cap. SHIB itself ranks 11th with a market capital of 30 billion US dollars.
The community has stepped up a campaign to convince Robinhood to register for SHIB through a change.org petition. To date, the petition has received more than half a million signatures.
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Brown stated that Robinhood is a “safety-first company” that carefully assesses the regulatory feasibility of its listings. Brown himself admits Robinhood is not like other crypto exchanges that hold as many crypto listings as possible.
"Our strategy is different from a lot of other players out there who are racing to list as many assets as possible right now," said Brown. “We think that the short-term gains for us are not worth the long-term trade-offs for our users.”
Brown also revealed that the Robinhood crypto wallet waiting list has surpassed 1.6 million users. When launched, the crypto wallet will eventually allow users to move crypto on and off the platform. High demand indicates users want to gain control of their coins.
According to data reports from Coingecko, as of writing the price of SHIB is trading at the level of 0.00005414 US dollars per token. SHIB prices have decreased by 21.4 percent in the past week.