Back in late 2021, the CEO of Robinhood hinted that the popular memecoin might appear on their platform before long. Could a four-month wait qualify as “soon”?
Robinhood, a leading U.S. trading app, has recently included Shiba Inu (SHIB), the widely recognized canine-themed memecoin, on its list of available cryptocurrencies.
Besides SHIB, Solana, Polygon’s MATIC, and Compound (COMP) have also been incorporated into the trading options offered by the platform. It’s worth noting, however, that as of 8:00 AM EST, these newly listed coins do not appear to be active for trading just yet. Robinhood has not yet released any official public statement concerning these additions.
Interestingly, Vlad Tenev, the CEO of Robinhood, publicly stated only last year that there were no immediate plans for SHIB to be listed on the platform. He expressed this sentiment during a Q4 2021 earnings conference call:
“We’re taking a careful approach. Our goal is to avoid inadvertently triggering SEC registration mandates for digital currencies.”
Enthusiasts of SHIB have been advocating for its inclusion on Robinhood for quite some time. A petition launched on Change.org, pushing for the listing, garnered over 500,000 signatures in 2021. Robinhood already supports Dogecoin (DOGE), another popular memecoin featuring a dog.
As of 8:00 AM EST, the value of SHIB has increased by approximately 8% following the news of its listing.
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