Shiba Inu Coin grew rapidly towards the back-end of 2021 as it hits the 1 million holders mark, but does Robinhood support or list SHIB? Will Shiba Inu get listed on Robinhood?
Does Robinhood Support SHIB?
Robinhood does not support Shiba Inu Coin as of January 2022 and has not confirmed any plans to list SHIB in the future.
The exchange currently only supports seven cryptocurrencies. These are Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), ETHereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC).
Will Robinhood Add SHIB?
There’s no way of knowing what Robinhood’s plans are for a SHIB listing, but the demand is certainly there.
BSV is the most recent addition to Robinhood’s crypto offerings. Robinhood began offering BSV in 2018 – the same year it listed Dogecoin. Suggestions that Robinhood needs to list SHIB because of its high ranking do not account for this, nor the fact the likes of Cardano, Solana, Polkadot and LUNA are also not on the platform.
The latest official comment from a Robinhood executive on Shiba Inu comes from its CFO, Jason Warnick.
When asked about new listings and Shiba Inu at The Wall Street Journal CFO Network Summit, Warnick said: It’s not lost on us that our customers and others would like to see us add more coins. We’re a highly regulated company in a highly regulated industry, and we think it’s important that we get a bit more clarity from regulators.
Speaking about its listing process in November, Robinhood COO Christine Brown said: "Our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now."
However, Brown did also praise cryptocurrency communities. "One of my favourite things is seeing the community around these coins really engage with us and let us know what they want," she said.
There’s no knowing when Robinhood will end this dry spell of crypto listings (although it is ramping up its crypto wallet offerings). Even if Robinhood starts to support new cryptocurrencies, there’s no guarantee SHIB will be among the first coins added.
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