After a long haul, Shiba Inu (SHIB) has lastly been noted on Robinhood. The meme-coin was noted today along with other significant cryptocurrencies that consisted of Polygon (MATIC), Solana (SOL), and Compound (COMP)
The listing follows a year of energetic lobbying from the SHIB neighborhood which in 2015 had gathered signatures to interest Robinhood to note the dog-themed token.
Just in 2015, Robinhood CEO Vlad Tenev had suggested that the United States trading platform had no genuine strategies of listing SHIB anytime quickly and in a Q4 2021 revenues call, he stated:
” We’re being purposeful. We wish to prevent setting off SEC registration requirements for cryptocurrencies.”
Robinhood is nevertheless yet made the main statement and it does not appear as if the included coins are yet for trading.
Robinhood currently supports Dogecoin (DOGE), which is likewise a dog-themed meme coin.
Shiba Inu (SHIB) costs rise following the news
Immediately the news on SHIB listing on Robinhood broke, the rate of SHIB soared by over 10% and it was up by 15.65% at the time of composing.
The cost of Shiba Inu has long stagnated listed below $0.00003 considering the drop in between completion of November 2021 and completion of January 2022 The SHIB neighborhood anticipates the Robinhood listing to move the meme coin’s cost to a minimum of above $0.00003 even as it waits for the launch of Shiba Inu’s metaverse.
Plans to incorporate Bitcoin Lightning into Robinhood
At this year’s Bitcoin Conference 2022 in Miami, Robinhood, primary item officer, Aparna Chennapragada, exposed Robinhood’s strategy of incorporating the Bitcoin Lightning Network into its platform to allow faster deals.
The Lightning Network is a layer-2 network constructed on Bitcoin that enables faster deals at a much lower expense.
In a current post, Robinhood stated:
” Enabling send out and get performance is simply the primary step in an amazing journey for Robinhood Crypto. We’re constructing to allow consumers to do more with their wallets and minimize expense any place we can when they communicate with the crypto community.”