Shiba Inu and Robinhood – A Great RelationshipSHIB
Shiba Inus, Bitcoin and other readily available digital assets can do Now users can move in and out of the well-known trading software Robinhood.
In early April, SHIB, the second-largest meme cryptocurrency, was officially added to Robinhood after garnering over 500,000 votes in a Change.org petition.
The Shiba Inu has been added to the list of cryptocurrencies including Solana (SOL), Polygon (MATIC), and Compound (COMP), making a total of 11 cryptocurrencies accessible.
The cryptocurrency that Robinhood users sought the most was Canine Token. 559,661 people have signed a petition on Change.org asking for the bizarre coin to be listed.
The Shiba Inu should be listed on the platform, but Robinhood CEO Vladimir Tenev and other key executives have repeatedly touted the topic, fueling rumors among the public. Christine Brown, chief operating officer of business for its crypto division, made it clear in November 2021 that the company values quality over numbers, perhaps as a dig at crypto-native rivals with laxer listing rules.
In early 2018, Robinhood added support for cryptocurrency trading, starting with Bitcoin and Ethereum. Later in the same year, it also included Litecoin, Ethereum Classic, Bitcoin Cash and Dogecoin. Even though the cryptocurrency industry has advanced significantly since 2018, the corporation held off on launching new coins until now.
The lead developer of the Shiba Inu unveils TREAT
On Wednesday, the lead developer of the widely used meme cryptocurrency SHIB hinted at plans to expand the Shiba Inu ecosystem with a decentralized stablecoin, the TREAT reward token, and a collectible card game for its metaverse.
A pseudonymous developer, Shyotoshi Kusama, said in a Medium blog post that “independent developers” are creating a decentralized stablecoin called SHI that “appears to overcome the pitfalls identified in prior moons” – multi-billion -Dollar pointing to the Terra/Luna disaster. The blog post states that the team expects to release the SHI later in 2022 and is expected to provide more details when it comes to its final form.
At the time of writing, the Shiba Inu was priced at $0.00001111, with a daily increase of 5.55%, according to data from CoinMarketCap.