Reports are doing the rounds that Robinhood could list Shiba Inu sometime in January 2022 or during the Q1 period. An insider revealed that Robinhood listing SHIB in December 2021 is out of the question and isn’t realistic. A Robinhood team conducted a meeting about listing Shiba Inu yesterday at 3 P.M ET, it is reported. The discussion was about getting SHIB on board along with 2-3 other cryptocurrencies.
The insider stated that the Robinhood team was excited about the buzz they’re seeing on social media, especially from petitions. The source confirmed that there’s a “strong possibility” Robinhood will list Shiba Inu in January 2022 or during Q1.
Shiba Inu is now listed on all the top 10 exchange platforms and reached investors far and wide across the globe. Trading platforms enjoyed the larger share of the revenue pie SHIB brought on the table and increased their quarterly results. Only Robinhood is missing out on the juicy revenue pie but it won’t take long before they get it on board.
Robinhood’s Q3 results tumbled 12% compared to its Q2 filings and dragged its stock price down along with it. Its crypto revenue share showed $233 million in profits in Q2 and slumped drastically in Q3 filings to $51 million.
Around 63% of its Q2 profits came from Dogecoin alone but the meme-token failed to deliver in the Q3 period. The development indicates that Robinhood is facing financial turbulence and need to get their finances right before things head south.
Therefore, a Shiba Inu listing is inevitable as the meme-token can lift Robinhood out of their financial troubles. SHIB has a large trading volume and add Robinhood’s customer base to it, you get a win-win situation.
Hey Robinhood, When Shiba Inu?
The Twitter handle of Shiba Inu News, which goes by @ShibReports was the first to reveal the Robinhood insider information. They tweeted that RH will list SHIB in January 2022 or Q1 as per information provided by the insider.
“BREAKING: While @RobinhoodApp has not made any official announcement about listing $SHIB, we’re told by an insider that they’re having an executive meeting at 3pm ET today to discuss the “possibility” of listing #SHIB as well as 2-3 other crypto in January. (Please stay tuned).”
“MORE: The insider we talked to at @RobinhoodApp is a C-suite level executive. He told us that listing $SHIB this month (December) simply isn’t realistic. But he acknowledged that January and Q1 is a strong possibility. They continue to see a ton of buzz, especially from petition.”
At the time of publishing, Shiba Inu was trading at $0.00003493 and is down -4.84% in the 24-hours day trade.
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