Photo by Nicholas Cappello on Unsplash
Shiba Inu is among the four cryptocurrencies that were selected for listing by major retail-oriented stock and crypto exchange Robinhood Markets Inc. (HOOD).
What Happened
Robinhood's official website shows that Shiba Inu is already trading on the platform, as well as Polygon, Solana and Compound. The addition follows December 2021 rumors that Shiba Inu was scheduled for listing in January, with a report suggesting that it was a "strong possibility."
The report follows Shiba Inu launching decentralized exchange ShibaDEX on Komodo's blockchain that allows the coin's users to exchange SHIB for a multitude of native cryptocurrencies and tokens — including major memecoins such as Dogecoin.
SHIB Price Action
As of press time, Shiba Inu is trading at $0.000025 after seeing its price jump by 12% from a 24-hour low of $0.00002199. SHIB's trading volume also suddenly picked up from about $744 million to $957 million — a near-instantaneous increase of over 28%.
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