Shiba Inu (SHIB), the second largest meme coin by market capitalization, is apparently quietly completing a long-awaited exchange listing.
Shiba Inu (SHIB) added to Robinhood list
Popular meme token Shiba Inu appears to be listed by crypto exchange Robinhood, according to a listing bot. While the company has yet to officially announce the new addition to its range, the meme token is now appearing on its official website.
SHIB price is up 8.3% on the news, outperforming other major cryptocurrencies amid the lethargic market action. It is currently trading at $0.00002479 on the Binance exchange. As we cite
Kriptokoin.com, Robinhood lists Shiba Inu along with Solana (SOL), Polygon (MATIC) and Compound (COMP) and the total available cryptocurrency increased the number to 11. The dog-themed crypto was the most requested cryptocurrency among Robinhood users. A Change.org petition to list the meme token reached 559,661 signatures.
Shiba Inu listing has been delayed for some time
Robinhood CEO Vladimir Tenev and other senior executives have repeatedly avoided the burning question of whether the Shiba Inu will be listed on the platform, fueling speculation within the community. In November, Christine Brown, chief operating officer of the company’s crypto division, made it clear that the company favors quality over quantity, a reference to its crypto-native competitors with less conservative listing policies. Robinhood launched support for crypto trading in early 2018 and initially added support for Bitcoin (BTC) and Ethereum. Later, Litecoin, Ethereum Classic, Bitcoin Cash and Dogecoin were also included in the list.
Although the crypto market has developed by leaps and bounds since 2018, the company has so far avoided listing new coins. The commission-free exchange has 17.3 million active users after becoming the trading app of choice for young millennials. Still, its shares are down more than 86% from their August 2021 high. It fell out of favor in the third quarter of 2021 due to rapidly declining business activity.
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