Rumors of Robinhood Listing Surged Shiba Inu by 13% in 24 Hours

In the early hours of Thursday, Shiba Inu’s (SHIB) price surge by 13 percent amid rumors of Robinhood listing the meme coin by February.

“Shiba Inu Robinhood listing said to come as early as Feb,” a tweet by business news handle ZeroHedge read.

Over the past few months, some Crypto exchange platforms like Kraken, Indian Exchange Koinbazar and others added SHIB trading on their platform, however, the Shiba Inu community awaits Robinhood to join the list of Crypto exchanges supporting Shiba Inu trading.

Despite over 500,000 petitions signed by the SHIB community, the U.S. leading exchange platform, Robinhood is yet to support the trading of Shiba Inu on its platform. As previously reported on Investors King in one of our articles, the COO of Robinhood, Christine Brown said the trading platform prioritizes safety over the “short term gain” of listing new coins.

He said, “our strategy is different than a lot of the other players out there who are racing to list as many assets as possible right now. We think that the short-term gain to us is not worth the long-term trade-off for our users.”

In an interview with CNBC in October 2021, Vlad Tenev, Robinhood CEO said, “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”.

Following Robinhood’s rumored listing, data from kuCoin showed that the price of Shiba Inu coin (SHIB) surged to $0.00003293 before dropping to $0.00003145 on the four-hour candlestick.

The surge has placed SHIB on the 13 spots of the digital assets by capitalization at $17,645,625,231. At the time of writing, Shiba Inu coin is trading at $0.00003214 or a 12.06 percent gain in 24 hours.

It is uncertain if the rumor will turn out true or another fire without smoke plans to pump Shiba Inu coin price.