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Shiba Inu might be coming to Robinhood in February

Robinhood will finally trade Shiba Inu starting next month (Source: Robinhood)
Robinhood will finally trade Shiba Inu starting next month (Source: Robinhood)
After an initial jump of over 15 percent that came after the new rumors regarding a listing on Robinhood, Shiba Inu is now down nearly 7 percent compared to yesterday. Although the meme coin will probably hit Robinhood sooner or later, it looks like it will take some time until it even gets near to the ATH value.

Earlier today, Shiba Inu and Dogecoin fans had high hopes as their favorites had risen by almost 15 percent each (about 14 for DOGE and 17 for SHIB). Sadly, their joy turned out to be short-lived as Robinhood’s chief financial officer downplayed the rumors regarding the introduction of Shiba Inu in the company's crypto trading portfolio.

According to The Wall Street Journal, quoted by Yahoo! Finance, Robinhood's Jason Warnick said that "There aren’t compelling reasons strategically for our business to put any meaningful amount of our corporate cash into cryptocurrencies." He also added that, right now, they are waiting for "a bit more clarity from regulators," obviously pointing at the regulatory initiatives on digital assets still being discussed by the US authorities.

Since Robinhood's CFO also added that the customers' desire to add more coins to the platform is still being considered, everything should become clear once the authorities go through with their crypto-related regulation initiatives or decide to drop them. Nevertheless, Robinhood will probably list Shiba Inu before the end of the year. It only remains to see if it will not be too late for the popular meme coin that is currently owned by over 1.1 million crypto wallets.

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Codrut Nistor, 2022-01-13 (Update: 2022-01-13)