Robinhood currently supports several cryptocurrencies including Bitcoin, Ethereum, and Dogecoin. Earlier this month, the platform dismissed reports alleging it would soon add SHIB to this list, stating: “We have not made any announcements with regards to SHIB or any other upcoming coins.”
SHIB Hodlers Want More Shiba Support
First launched in May at the peak of ‘Altseason’, the Change.org petition reached 150,000 signatures in June before stagnating. By early October, the petition reached 200,000 supporters, and is now at 300,101. It is currently the most-signed cryptocurrency petition on Change.org, beating out the Doge4Amazon campaign which gained 240,000 backers.
The petition’s creator, Tristan Luke, has not yet commented on the 300,000 mark. After reaching 200,000 signatures, Luke said:
230,000 signatures, and still running. Congratulations guys. You did it. Webull has gotten there first, and already listed Shib. All indications are that Robinhood will soon follow.
The next target for the petition is 500,000 signatures.
A potential listing on Robinhood would open SHIB up to the platform’s 22 million users.
While the petition suggests this would allow more people to buy SHIB, the focus from its signatures and the wider SHIB community is on the potential growth this could mean for SHIB’s price (and their holdings). Indeed, SHIB is already available on numerous cryptocurrency platforms, including Binance, Coinbase Pro and Crypto.com.
The petition’s success has spawned countless other SHIB-based Change.org campaigns. Various petitions asking the likes of Tesla, Amazon, and GameStop to accept Shiba Inu each have tens of thousands of signatures.
However, the petition will not achieve the ‘Victory’ symbol unless Robinhood actually lists SHIB.
During CNBC’s Disruptor 50 Summit, Jim Cramer asked Robinhood’s CEO Vlad Tenev about a potential SHIB listing. He said:
I think it goes back to safety first, right. So we’re not generally going to be the first to add any new asset. We want to make sure that it goes through a stringent set of criteria
Robinhood last added a new cryptocurrency to its exchange in 2018, although it is gearing up to a cryptocurrency wallet launch.
Of course, for some cryptocurrency users, the lack of Robinhood support is a positive. The exchange was met with heavy criticism earlier this year for restricting trading on Dogecoin “due to extraordinary market conditions” after the memecoin soared in value.