Petition to List Shiba Inu on Robinhood Gains 400K Signatures as SHIB Price Soars
Shiba inu supporters are petitioning on Change.org for the trading platform Robinhood to list the shiba inu token for trading. Robinhood currently lists the meme cryptocurrency dogecoin which made up 62% of the company’s crypto trading volume in Q2.
Petition to Get Robinhood to List Shiba Inu
A petition on Change.org for the trading platform Robinhood to list the shiba inu crypto has garnered almost 400,000 signatures.
At the time of writing, almost 397K people have signed the petition. If the petition gathers 500K signatures, it would become one of the top signed petitions on Change.org.
The petition, started by SHIB supporter Tristan Luke, explains that it “is designed to kindly request of Robinhood to please list shiba inu coin to trade,” adding:
Dogecoin has been a huge success for Robinhood, and its investors. We have all enjoyed the ride. Shiba Inu is a similar meme coin with genuine potential, up 2,000% in the last weeks.
The petition further describes that the cryptocurrency’s “momentum grows by the hour,” noting that “Half the questions when we log into trading forums ask ‘How can I buy Shiba?’”
Robinhood currently offers trading in dogecoin. In its Q2 earnings call, Jason Warnick, the company’s chief financial officer, said: “62% of crypto trading volume was in dogecoin in Q2, which compares to 34% in Q1.”
The shiba inu coin has gained tremendous momentum this week, briefly flipping dogecoin Wednesday. However, DOGE has gained back its place as the ninth biggest cryptocurrency. At the time of writing, SHIB is up 8.2% in the last 24 hours, 150% over the past seven days, and 953% over the past 30 days.
Last week, a smaller platform competing with Robinhood, Public.com, began supporting shiba inu on its platform. Public began offering cryptocurrency trading earlier this month. SHIB is also available for trading on Coinbase. It was listed on Coinbase Pro in June. In September, the Nasdaq-listed crypto exchange announced that SHIB was available on Coinbase.com and in the Coinbase Android and iOS apps.
Not everyone is impressed with the shiba inu coin, however. The “Big Short” investor, Michael Burry, recently said that SHIB was “pointless.” Tesla CEO Elon Musk said this week that he does not own any SHIB.
Do you think Robinhood should list shiba inu (SHIB)? Let us know in the comments section below.