Home Latest News Can you buy Shiba Inu on Robinhood? – MarketWatch

Can you buy Shiba Inu on Robinhood? – MarketWatch


Meme cryptocurrency Shiba Inu has rocketed nearly 900% over the past month as the latest dog-themed coin has become the world’s third most googled crypto of the year.
The newfound popularity has many crypto-enthusiasts wondering: is Shiba Inu on Robinhood Markets?
Shiba Inu is not yet available to be traded on Robinhood HOOD, +4.35%, but that could be changing soon.
Also see: What some say is behind crypto record rally to $3 trillion as Ether surges
A petition from Change.org to get SHIB on Robinhood has now received nearly 520,000 signatures. The first line of the petition reads, “This petition is designed to kindly request of Robinhood to please list Shiba Inu coin to trade.”
Robinhood itself appears to at least be open to the idea of adding more coins to its platforms.
During Robinhood’s third-quarter earnings call last week, Chief Executive Officer Vladamir Tenev said, “We feel very very good about the coins that we’re currently listing on our platform and any new coins that we add we want to feel equally, if not more good” about.
Robinhood currently lists seven cryptocurrencies on its platform: bitcoin BTCUSD, +10.59%, ether ETHUSD, +17.37%, bitcoin SV BTCSVC, +10.59%, bitcoin cash BCHUSD, +7.18%, dogecoin DOGEUSD, +15.77%, litecoin LTCUSD, +21.96% and ethereum classic ETCUSD, +13.68%.
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Robinhood recently debuted several new features including crypto wallets, and allowing users to set up recurring buys for cryptocurrencies.
SHIB was trading at $0.0000719 as of Monday and has surpassed fellow dog cryptocurrency dogecoin in market cap, according to CoinMarketCap.com.
Crypto platforms that offer Shiba Inu include but are not limited Crypto.com and Coinbase COIN, +0.33%.
Binance, the world’s largest crypto exchange, also offered it, but temporarily suspended crypto withdrawals on last Monday over backlog concerns.
With investors worldwide looking at a $1.5 trillion in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame ?
Weston Blasi is a reporter. You can follow him on Twitter @WestonBlasi.
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She has spent the past eight years playing the role of an infrastructure consultant, and has now joined Inferse.com as a full time blogger. Her current profession is a result of her deep interest in computer gadgets, laptops, gaming accessories and other tech happenings.