Shiba Inu Coin (SHIB) is back in the news after seeing growth of over 300% in the last week, but does Robinhood support or list SHIB?
After receiving a Coinbase listing in September 2021, prospective SHIB owners are wondering where else they can buy the memecoin.
Here’s a look at a potential SHIB listing on Robinhood.
Does Robinhood Support SHIB?
Robinhood does not support Shiba Inu Coin (SHIB), as of October 2021.
The exchange currently only supports seven cryptocurrencies. These are: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC).
As for other exchanges, the likes of Binance, Crypto.com, eToro and Coinbase all list SHIB.
Will Robinhood Add SHIB?
There’s no way of knowing for sure what Robinhood’s plans are for a SHIB listing, but the demand is certainly there.
A Change.org petition launched earlier this year asking Robinhood to list SHIB has reached over 205,000 signatures. The petition notes the success Robinhood had with its Dogecoin listing, noting SHIB has similar potential.
However, this is just a petition. Existing SHIB holders on Twitter requesting a Robinhood listing frequently reference potential price surges, or suggest it could help send SHIB ‘to the moon’.
While there are several rumours floating around social media that suggest a listing is in the works, it is impossible to verify, and as such should be taken with a pinch of salt until Robinhood makes an official statement on the matter.
BSV is the most recent addition to Robinhood’s crypto offerings. Robinhood began offering BSV in 2018 – the same year it listed Dogecoin.
There’s no knowing when Robinhood will end this dry spell of crypto listings (although it is ramping up its crypto wallet offerings). Even if Robinhood starts to support new cryptocurrencies, there’s no guarantee SHIB will be among the first coins added.
We’ll keep this page updated with any new information that comes out from Robinhood.
[Image by Executium via Unsplash]