As the price of SHIB rises, a petition to list it on Robinhood garners 400K signatures.
Shiba inu supporters are requesting that the trading platform Robinhood list the shiba inu token for trading on Change.org. Dogecoin, a meme cryptocurrency, is currently listed on Robinhood, accounting for 62 percent of the company’s crypto trading volume in Q2.
A petition on Change.org has nearly 400,000 signatures urging the trading platform Robinhood to list the trending cryptocurrency.
The petition had nearly 397,710 signatures at the time of writing. If the petition receives 500K signatures, it will be one of the most popular petitions on Change.org.
The petition, which was started by SHIB supporter Tristan Luke, states that it “is designed to kindly request of Robinhood to please list shiba inu coin to trade,” and goes on to say:
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.
According to the petition, the cryptocurrency’s “momentum grows by the hour,” and “half the questions when we log into trading forums ask ‘How can I buy Shiba?'”
Dogecoin trading is currently available on Robinhood. In the company’s Q2 earnings call, Jason Warnick, chief financial officer, stated that “62% of crypto trading volume was in dogecoin in Q2, which compares to 34% in Q1.”
This week, dogecoin’s rival has gained tremendous traction, briefly outperforming dogecoin on Wednesday. DOGE, on the other hand, has reclaimed its position as the ninth-largest cryptocurrency. SHIB is up 8.2 percent in the last 24 hours, 150 percent in the last seven days, and 953 percent in the last 30 days at the time of writing.
Public.com, a smaller platform competing with Robinhood, began supporting shiba inu on its platform last week. Earlier this month, the public began offering cryptocurrency trading. The coin can also be purchased on Coinbase. In June, it was listed on Coinbase Pro. The Nasdaq-listed crypto exchange announced in September that the cryptocurrency was now available on Coinbase.com as well as the Coinbase Android and iOS apps.
The shiba inu coin, on the other hand, does not appeal to everyone. Michael Burry, a “Big Short” investor, recently stated that it was “pointless.” Elon Musk, CEO of Tesla, stated this week that he does not own any of them.