Shiba Inu Surged by 25 Percent After Robinhood Listing

At Last Robinhood has listed Shiba Inu, one of the leading meme coin on its trading platform.

Robinhood has listed four new cryptocurrencies token on its trading platform. The newly listed token are, Shiba Inu Coin (SHIB), Solana (SOL), Polygon (MATIC) and Compound (COMP)

Steve Quirk, chief brokerage officer at Robinhood, in a blog post said, “we’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto.

“As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform.”

Robinhood users have long requested the brokerage allow SHIB, as the Shiba coin is known, to be traded — a Change.org petition started last year has seen more than 550,000 signatories in favor of the move.

The company has said all along it carefully considers the new coins it adds to its offerings — besides customer demand, its listing committee deliberates factors including on-chain analysis, tech and security, as well as legal and financial variables, among others.

Following the announcement, the price of the SHIB token has surged by 25.05 percent to trade at $0.0000289 at press time.

In the last 24 hours, data from coinmarketcap showed that Shiba Inu market capitalization has surged by 22.18 percent while the trading volume also increased by 131.45 percent.

Shiba Inu is currently down by 68.45 percent from $0.00008845 it’s All Time High recorded in October 28, 2021.