Shiba is added to this regulated crypto platform; Will Robinhood be next?
Amid the chaos of the crypto market, the Shiba Inu (CRYPTO: SHIB) meme currency has reason to cheer.
What happened: Uphold Inc., a digital wallet and cryptocurrency trading platform, listed Shiba Inu, the exchange made the announcement via a tweet on Friday. Shiba Inu is not available in all regions where Uphold operates, and so the exchange asks its customers to check on its app for more information.
Congratulations to those who guessed it on our post yesterday! #Shiba Inu is now available on Uphold!
– Uphold (@UpholdInc) January 21, 2022
Related Link: How to Buy a Shiba Inu (SHIB)
Why it matters: Uphold currently supports 51 cryptos and utility tokens, 27 national currencies, six stablecoins, and four precious metals. It allows consumers and businesses to transact between digital and traditional currencies.
The exchange serves clients in over 184 countries and has offices in London and New York. “The categorization of SHIB as a memecoin glosses over the appeal it has gained as a payout coin. Unquestionably, however, the hype has aided SHIB at every turn of its meteoric rise,” said the regulated exchange on its website.
There’s no denying that SHIB is gaining more and more traction when it comes to mainstream adoption. The extremely loyal SHIB army, which stands solidly behind the meme piece, calls for its addition to Robinhood Markets, Inc. (NASDAQ: HOOD). Which currently offers a handful of cryptos, including Dogecoin (CRYPT: DOGE).
Recent rumors suggest that Shiba Inu could be listed on the retail platform as early as February.
When asked “when will SHIB” in a Bloomberg interview, Robinhood’s product manager Aparna Chennapragada praised the SHIB community for their love of the trading platform. Although she declined to talk about token listings, she said that Robinhood consistently puts its building blocks in place to be able to activate great crypto products.
“You’ll see us continue to play in space, but we’re not going to play crypto bingo,” the Robinhood executive said. A petition to list Shiba Inu on Robinhood has now garnered over half a million signatures.
At last check, SHIB plunged 22.64% to $0.000019.
Related Link: Investors Feel the Chill of a Long Crypto Winter Ahead, Similar to the ‘1929 Stock Market Crash’: Analyst
Photo: Courtesy of Diverse Stock Photos on Flickr