Shiba Inu Listed on Robinhood, Price of Meme Token SHIB Spikes Over 20%

Robinhood has finally listed Shiba Inu on its list of cryptocurrencies for trading.

Shiba Inu has finally got a place on Robinhood app as the popular trading platform lists the meme token among other cryptocurrencies in a latest development that has left crypto investors jumping with joy. The news has been confirmed by a listing bot. The meme coin now appears on the official website of Robinhood.

Apart from SHIB other altcoins were also added by Robinhood on its crypto trading platform such as SOL, Polygon's MATIC and Compound's COMP tokens. Soon after the news of Robinhood adding SHIB on its platform went viral on social media, the price of Shiba Inu (SHIB) suddenly spiked over 20% outperforming major digital currencies in the market.

Speculation of Robinhood listing SHIB and other potential crypto additions circled last year, though CEO Vlad Tenev clarified that the company was awaiting regulatory clarity before taking a decision. Robinhood by then had already offered seven cryptocurrencies including the largest crypto in the market Bitcoin (BTC), the second largest crypto Ether (ETH) and the previously Elon Musk-backed Dogecoin (DOGE).

Robinhood debit card
Web screen grab

Shiba Inu's biggest community known as the SHIBArmy had also made much efforts requesting Robinhood to list SHIB on its app. Investors and crypto enthusiasts went on to take some extra pain and sign a petition to start the Shiba Inu-Robinhood listing campaign on The huge pressure received from investors and the growing demand of the meme crypto seems to have forced Robinhood app to finally list Shiba Inu on its platform.

Robinhood Yet to Make Shiba Inu Listing Official

However, the platform is yet to officially announce the listing of Shiba Inu on Robinhood. Dog meme based crypto Shiba Inu at the time of publishing was trading at $0.00002801, up by a whopping 20.69% in the last 24-hour trading period with a volume of $2,188,660,238. Shiba Inu is currently ranked at 15 on CoinMarketCap with a live market cap of $15,378,470,109, as per the the popular trading platform.

This article was first published on April 12, 2022