It remains a dream for the teeming members of the Shiba Inu community to see SHIB listed on Robinhood, the US-based financial services company.
The community has taken vital steps to convince Robinhood, but it’s still the same story. However, investors remain resolute that it will happen eventually.
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Could Shiba Inu Crash Robinhood App?
It can be recalled that Robinhood App servers crashed following the surge in the price of Dogecoin (DOGE) back in May 2021. Shiba Inu community believes that the same could play out on ‘day one’ of adding support for SHIB on the trading platform.
The phrase “Hey Robinhood, when SHIB?” has been around for quite a long time. In an effort to convince the trading platform, a petition was launched on Change.org and over 550,000 SHIB lovers have showcased their support.
During interviews, top executives at Robinhood are always ready to answer tons of questions in relation to the Shiba Inu (SHIB) listing.
Why Investors Are Keen To Get Shiba Inu (SHIB) Listed On Robinhood
If the number is put into consideration, it could be concluded that Shiba Inu investors’ desire to get SHIB listed on Robinhood App by every possible means is worth the effort.
Robinhood has relatively 23 million users and this is good for the liquidity of SHIB if it gets listed eventually. Even if 10% of the 23 million users decide to purchase SHIB on the platform, the tally would be about 2.3 million investors. This is why investors have not retired the desire to make the cryptocurrency live on the financial services company.
So, on listing day, Shiba Inu could indeed crash the trading platform’s servers due to large transactions that will be initiated by eager investors and traders.
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What Robinhood Is Saying About Listing Shiba Inu (SHIB)
According to what the chief financial officer (CFO) of Robinhood, Jason Warnick, said in late January, Robinhood may not be listing the second-largest meme coin anytime soon due to regulatory concerns.
Warnick told reporters after Robinhood released its fourth-quarter earnings report that there is a need to take a lot of measures before incorporating new digital assets, citing concerns about some crypto assets being deemed unregistered securities by the United States Securities and Exchange Commission (SEC).
Jason Warnick said, “We know our customers want new coins. The message is clear.”
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