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Robinhood Lists Shiba Inu and 3 Other Cryptocurrencies

Popular trading platform Robinhood has listed shiba inu (SHIB) as well as three other popular cryptocurrencies. Cryptocurrency meme advocates have been petitioning for months for Robinhood to list SHIB.

Popular trading platform Robinhood announced a list of four new cryptocurrencies on Tuesday. Company wrote:

We are 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).

Shiba inu supporters are delighted to see that SHIB is now live on the Robinhood app. The SHIB community has been petitioning on for the platform to list the coin meme since last October. Nearly 560 thousand 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 wider selection of cryptocurrencies,” the company announcement noted.

The company added that it has addressed a top customer request by launching a new crypto wallet to more than two million users.

Steve Quirk, director of brokerage at Robinhood, commented:

We are excited to add more choices for our customers and continue to work to make Robinhood the best place to invest in crypto.

He further emphasized: “As a company that prioritizes safety, we have a strict regulation to help us evaluate listingable assets and we remain committed to providing a cryptocurrency platform safe death.”

The company noted that while new crypto assets can currently be bought and sold, “Deposits and withdrawals will not be immediately available for these assets, but that capability will be available soon.” .

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