Vincent Lau, managing director of international operations at crypto exchange Huobi Global, says that while SHIB’s bull run may falter, he thinks the coin is likely here to stay. Robinhood may also be wary of the threat of new crypto rules and regulations. In early October, after Securities and Exchange Commission head Gary Gensler said he wanted all crypto platforms to be registered with the SEC, Robinhood released a statement explaining that such regulation could “adversely affect” crypto markets.
Traders win when they can get someone else to buy cryptocurrency for more, or what’s called the greater fool theory of investing. That backing by assets and cash flow is something that differentiates a traditional investment from a cryptocurrency. With a stock, you’re investing in the future of that business, so if it does well, your investment will do well over time. Today, Robinhood users can trade seven crypto currencies on the platform, and crypto trading has become integral to the app’s financial performance.
This blockchain database tracks and manages the crypto coin, verifying transactions and recording every transaction that occurs with it. So the database ends up being a long-running record of the movement of the cryptocurrency. Specifically, Shiba Inu runs on the Ethereum blockchain, offering the safety and functionality of that platform.
Breaking: Shiba Inu Is Now Listed on Robinhood. Should You Buy?
After months of lobbying, and 559,701 petition signatures, popular dog-themed cryptocurrency Shiba Inu (SHIB) has been listed on mobile trading app Robinhood along with three other top-100 cryptos. But recent unconfirmed rumors that Shiba Inu would list on popular stock and crypto trading app Robinhood also helped spark SHIB’s recent trading frenzy. Shiba Inu investors and community members believe that a Robinhood listing could propel the coin to even greater heights, and a change.org petition imploring Robinhood to list the new coin has gathered nearly 400,000 signatures. We have continued to note the persistent demands from Shiba Inu investors for this much-anticipated listing (read here and here). In fact, a petition on Change.org has already garnered 555,320 signatures (at the time of writing) to list Shiba Inu on Robinhood.
Nvidia’s Jensen Huang sells $14 million in stock almost daily—raising questions about his successor
Last year, amid public support from Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk, SHIB became wildly popular and realized an incredible price pump of 49,000,000% in a few months. The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto. Some traders see it as a type of crypto lottery ticket because they can afford, for example, 1 million of these coins (at a cost of $12). Like with penny stocks, they think that if the coin just went up to one cent, they’d make a lot of money. Or even if Shiba Inu went to where Dogecoin was trading, they’d cash in their chips. Like many other cryptocurrencies, Shiba Inu operates on a decentralized computer network running a database called blockchain.
The Scrypt network has low function since it was designed for crypto mining of certain proof-of-work blockchains. In 2021, thanks to public support from Elon Musk and Ethereum founder Vitalik Buterin, SHIB became wildly popular and experienced a stratospheric price spike of 49,000,000% in a few months. While the SHIB token had been available on major exchanges such as Coinbase, Binance, Kucoin, and others, it was not available on Robinhood. To help hasten SHIB’s listing on Robinhood, a petition launched last summer to persuade Robinhood to adopt the token. As of today, the Change.org digital petition was still live and had 559,701 signatories — more than halfway to its target of 1 million.
However, during its earnings call last October, Robinhood CEO Vlad Tenev stated that it is very cautious when considering whether or not to add new coins or tokens to its offerings. “We feel very very good about the coins that we’re currently listing on our platform and any new coins xcritical cheating that we add we want to feel equally, if not more good,” Tenev said. Robinhood is moving towards a greater level of crypto integration, indicating that there could be an interest in listing the popular memecoin. An even worse sign is that Shiba Inu officially lost more than 70,000 token holders over the past month — falling from a peak of 1,199,453 SHIB holders on Mar. 15, 2022 to 1,128,221 as of yesterday, according to CoinMarketCap.com.
SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. A couple of hours after the news broke, Robinhood confirmed it listed SHIB, alongside Solana, Polygon, and Compound.
All Robinhood cryptocurrency listings list (
In recent gaming news, League of Legends (LoL) is disabling the /all chat command to combat online harassment. Turtle Rock Studios’ Back 4 Blood is the hot new release right now, though solo players aren’t xcritical rezension having a good time; playing the single-player mode prevents unlocking Cleaners, Achievements/Trophies, and Supply Points.
- In fact, a petition launched last summer to persuade Robinhood to adopt the token currently has more than 555,000 signatures — more than halfway to its target of 1 million signatories.
- As part of its growing digital currency implementation, the platform will presumably look to list additional cryptocurrencies alongside the seven it currently supports.
- The only way you make money is if someone comes along and is willing to pay you more for your coins.
Robinhood Appears To Be Listing Shiba Inu Coin
“Due to uncertain and volatile market conditions, [listing SHIB] might result in significant losses over a short period of time, and possibly liquidation problems in adverse events of sudden price drops or trading halts,” says Khoo. Tor Constantino is a corporate communications executive and business writer with an MBA. Since 2017, he has written about cryptocurrencies, blockchain, and crypto’s potential to revolutionize finance.
It Is Finally Happening: Shiba Inu (SHIB) Is Now Expected to List on Robinhood in February 2022
It’s difficult to tell whether the lobbying activity xcritical courses scam or petition had any effect. On the other hand, with cryptocurrency such as Shiba Inu, your investment is not backed by any asset or cash flow at all. The only way you make money is if someone comes along and is willing to pay you more for your coins.
In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. One thing is for certain, though — Robinhood knows about the Shiba Inu coin (SHIB) craze and the public demand for its listing. Here’s hoping this leads to a Robinhood update revealing that SHIB is available on the leading trading platform. In addition to SHI, a financial ecosystem is planned, and SHI would be added as a weighted pool pair on Curve. In that case, Ryoshi expects forks of the major DeFi protocols to appear in the Shiba Inu ecosystem, which would require an immutable bridge to function.