Commission-free trading platform Robinhood is in no hurry to list Shiba Inu, but it cannot help but mention it in its Instagram stories.
The mention has been taken as a tease by the Shiba Inu community. In a poll for its segment #RobinhoodLearn, the crypto exchange Robinhood asked its followers what determines the strength of a cryptocurrency.
The three choices of answers provided were “its community,” “Elon Musk wants it to be.” And “The # of ‘SHIB’ comments.”
Is Cryptocurrency As Strong as the Number of SHIB Comments?
The last option is very interesting. Crypto exchange Robinhood later clarified that a cryptocurrency is as strong as its community. The cryptocurrency community entails the holders, developers, miners, and other groups of users.
Nonetheless, the inclusion of the meme coin in the answers highly points to the increased pressure for Robinhood listing of Shiba Inu.
The ongoing Change.org petition to list Shiba Inu has garnered over 450,000 signatures. Additionally, the hashtag ‘Robinhood when SHIB’ trended for a month on Twitter with many comments on the topic.
The Shiba Inu community is hopeful that a day is coming when Robinhood will finally give in to the pressure and list their favorite coin. The last rumor was that on 1 November, commission-free trading platform Robinhood would list SHIB. However, the day came and passed with no listing yet.
SHIB Not Safe for Robinhood?
In an interview in CNBC’s ‘Mad Money – The Rise of Retail Investor’, Robinhood’s CEO Vlad Tenev was put on the spot with the question of Robinhood listing of Shiba Inu. Instead of a straight answer, Tenev explained that Robinhood offered only seven coins. Additionally, crypto exchange Robinhood values safety more than anything. Any new asset will have to undergo a rigorous criterion to ensure it is safe for investors.
It is undetermined if Vlad meant that SHIB is not safe for commission-free trading platform Robinhood. Critics have already openly declared the SHIB frenzy as a bubble that is set to burst. U.S. Senator Cynthia Lummis declared meme coins were not commodities but securities, and investors should be cautious when approaching them.
If Robinhood decides to go with what the people are saying within the community, then it has the voices of the naysayers to also consider.
If you are ready to upgrade from your FREE telegram membership and see in a real time crypto trading signals and portfolio diversification of the ParadiseTeam, use BESTSIGNALS3% as the promo code and join PardiseFamilyVIP with this limited discount now ! You can choose from Binance VIP, Bitmex, Bybit or newly kraken and FTX vip as well.
