Popular trading platform Robinhood has finally listed Shiba Inu on its exchange, bolstering the SHIB community and sending its price soaring to the moon. Supporters of the meme crypto have been relentlessly petitioning for months for Robinhood to list Shiba Inu, which has now been listed on the platform for users to trade and invest.
Robinhood adds support for Shiba Inu, Solana, Compound, and Polygon
After much deliberation and several petitions, crypto trading platform Robinhood has added Shiba Inu among its crypto offerings for users to explore and trade. The platform has also listed three other notable cryptocurrencies such as Solana’s SOL, Compound’s COMP, and Polygon’s MATIC on its platform, taking the total tally of listed cryptocurrencies to 11.
The Robinhood listing sent the prices of Shiba Inu soaring, as the meme token rallied nearly 25% at the time when the listing was announced.
“We’re pleased to announce that customers can now buy and sell four additional cryptocurrencies through Robinhood Crypto: Compound (COMP), Polygon (MATIC), Solana (SOL), and Shiba Inu (SHIB).” The official blog post stated.
In addition to this, the blog further added that Robinhood wants its users to have diverse crypto options to invest in and procure benefits.
“We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto,” said Steve Quirk, Chief Brokerage Officer at Robinhood. “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.”
The Robinhood listing of Solana and Shiba Inu had a considerable impact on its prices which soared past normal numbers at the time of listing. At the time of writing, Solana (SOL) was trading at $101 which is up 1.33% in the last 24 hours. Similarly, the price of Shiba Inu is currently trading at 0.000025 after rallying 10.55% in the last 7 days.