Shib Surges To Record On Growing Clamour For Robinhood Markets To Add Coin

The reputation of Robinhood Markets Inc. The growing number of Shiba Inu coins on its platform has helped propel the cryptocurrency to record highs.

According to CoinGecko, SHIB tokens are known to have increased by 13% in the last 24 hours. It is currently the eleventh largest cipher with a market value of around $24 billion.

The Change.org petition asking Robin Hood to name the Shiba Inu (a Dogecoin-inspired memetic cryptocurrency) currently has over 326,000 signatures. Robinhood CEO Vladimir Tenev said in a statement Tuesday that he was “carefully” considering offering the new coin.

“We are very happy with the coins we currently offer on the platform and the new coins we are adding, and we want to feel the same, if not more,” said Tenev. growth.

Coinbase Global Inc. added tokens last month.

Cryptography became increasingly important to Robin Hood’s growth. The brokerage firm announced last month that it would offer a cryptocurrency portfolio, a tool that allows investors to send and receive digital currency.

The waiting list for the product has surpassed one million subscribers, the company previously announced. According to the previous presentation, 64% of cryptocurrency revenue comes from Dogecoin.

Shiba Inu’s transactions became unstable along the way. The cryptocurrency fell earlier this week after Elon Musk tweeted that he did not own the coin. In a subsequent tweet he said he bought Bitcoin, Ethereum and Dogecoin, “that’s all”.

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