Rancakmedia.com – Shiba Inu coin is having the upper hand, not a few investors want Shiba Inu coin to be present on Robinhood. Investors are pushing for Robinhood Markets to become the new home for the Shiba Inu coin.
Shiba Inu coin is nothing but a meme-inspired cryptocurrency, Shiba Inu coin has seen a significant surge this month. Shiba Inu coin is a spin-off of dogecoin, which was developed as a parody of the cryptocurrency craze in 2013, and has absolutely no practical purpose.
But the price of the Shiba Inu coin has risen as much as 1.000 percent this month, overtaking Dogecoin to become the world's eighth-largest digital currency with a market value of US$42 billion.
The Shiba Inu coin's exciting climb has prompted Robinhood customers to look for their piece of the action.
Reported by the Purwokerto Portal via the Channelnewsasia.com site, on the Say Technology Robinhood platform, retail investors are wondering when they will introduce new coins such as the Shiba Inu coin on Robinhood Markets.
Separately, an online petition called on Robinhood to offer Shiba Inu coin had more than 400.000 signatures, while #SHIB trended on Twitter with a flood of “When #shiba” messages aimed at Robinhood.
Investors can acquire Shiba Inu coins on various cryptocurrency trading sites, such as Coinbase.
If Shiba Inu coin could be traded on Robinhood, which typically has lower fees than its competitors, it would allow corporate customers to switch between crypto, stocks and options on one platform.
The broker said this week that it plans to wait for further regulatory clarification regarding new digital currencies that may be listed.
International regulators have put pressure on the fast-growing cryptocurrency sector, including the US Securities and Exchange Commission, which said it was studying various elements of digital currencies, including offering and selling crypto tokens.
Robinhood currently offers seven cryptocurrencies including Dogecoin, which accounted for 62 percent of cryptocurrency transaction activity in the second quarter, increasing its returns.
The fashionable listing of Shiba Inu coins may lead to a similar increase in volume, but it satisfies client demand for crypto and provides its own set of dangers.
The CEO and crypto analyst of Quantum Capital, revealed on the channelnewsasia.com website that if investors continue to hunt for new coins for potential faster returns, crypto platforms need to remain vigilant to keep their customers satisfied.
