Crypto: Can you buy Shiba Inu on Robinhood?
Meme cryptocurrency Shiba Inu has rocketed nearly 900% over the past month as the latest dog-themed coin has become the world’s third most googled crypto of the year.
The newfound popularity has many crypto-enthusiasts wondering: is Shiba Inu on Robinhood Markets?
Shiba Inu is not yet available to be traded on Robinhood
but that could be changing soon.
A petition from Change.org to get SHIB on Robinhood has now received over 458,000 signatures. The first line of the petition reads, “This petition is designed to kindly request of Robinhood to please list Shiba Inu coin to trade.”
See: Almost half of millennials are comfortable investing in cryptocurrencies: Bankrate
Also see: Rand Paul says crypto could become world’s reserve currency if government trust falls
Robinhood itself appears to at least be open to the idea of adding more coins to its platforms.
During Robinhood’s third-quarter earnings call last week, Chief Executive Officer Vladamir Tenev said, “We feel very very good about the coins that we’re currently listing on our platform and any new coins that we add we want to feel equally, if not more good” about.
Robinhood currently lists seven cryptocurrencies on its platform: bitcoin
and ethereum classic
Robinhood recently debuted several new features including crypto wallets, and allowing users to set up recurring buys for cryptocurrencies.
SHIB was trading at $0.0000719 as of Monday and has surpassed fellow dog cryptocurrency dogecoin in market cap, according to CoinMarketCap.com.
Crypto platforms that offer Shiba Inu include but are not limited Crypto.com and Coinbase
Binance, the world’s largest crypto exchange, also offered it, but temporarily suspended crypto withdrawals on Monday over backlog concerns.
See: Bitcoin Cash leads decliners as largest cryptocurrencies start the week mixed