Many investors have been demanding the listing of Shiba inu token on Robinhood due to the various benefits. The platform has cheaper fees when compared to other rival exchanges. In addition, investors will be able to switch between stocks, cryptocurrency and options on one single exchange.
Robinhood clients have been keen on the token’s listing due to the impressive price hike seen a few days ago. It is expected that Robinhood would soon list the Shiba Inu coin on the platform as it had listed its rival Dogecoin. At present, there are 7 cryptocurrencies listed on the platform. Dogecoin’s listing on Robinhood turned out to be profitable as 62% of the currency’s transaction volume at the end of the second quarter resulted due to its listing.
Online Media Hype
An online campaign for Robinhood to add Shiba inu to its platform received over 400,000 signatures. Furthermore, #SHIB gained popularity on Twitter with a storm of “When #shiba” posts directed at Robinhood. The most frequently asked on question on Robinhood’s Say Technology Platform related to when will the exchange add novel coins such as Shiba inu.
The trading platform announced that it will await greater regulatory certainty before listing any fresh virtual currencies. Authorities around the world have been clamping hard on the quickly rising cryptocurrency sector. The Securities & Exchange Commission has stated that it is looking into numerous elements of cryptocurrencies. This primarily includes the issue and sale of virtual tokens.
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