Shiba Inu listed on Robinhood’s rival investment app, Public

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Shiba Inu listed on Robinhood's rival investment app, Public By Hannah perez

Meanwhile, a large number of Robinhood users are still waiting for the commercial incorporation of Shiba Inu on the platform. The price of the “Doge Killer” token rose 2%.

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The copycat meme token Dogecoin, Shiba Inu (SHIB), is making its commercial app debut Public.com. The New York-based company announced on Wednesday the integration of the coin through its Twitter account.

Launched in 2019, Public is a platform “neobroker”Which offers its users the ability to trade stocks on the US stock market and publicly traded funds online. More recently, the app joined its rival Robin Hood in digital currency trading services.

At the beginning of this month, Public announced that it was incorporating a functionality to trade cryptocurrencies. As reported at that time Wall street journal, the company indicated that its users could start buying, selling and holding 10 cryptocurrencies from the application, including Bitcoin, Ethereum, Cardano and Dogecoin.

Its main competitor, Robin Hood, introduced digital currency trading in 2019 and has been expanding ever since. This year, the platform’s cryptocurrency service has become especially popular fueled by the sudden success of Dogecoin. According to a February report, the company added six million new customers to Robinhood Crypto, with a total of 9.5 million people exchanging cryptocurrencies in the app during the first quarter of 2021.

Shiba Inu craze continues to grow

The arrival of Shiba Inu to the investment application Public arises at a time of growing popularity for the token self-styled “dogecoin killer“. The currency based on Ethereum it has become a trend on social media. A few days ago we reported that SHIB had surpassed Bitcoin and to the main cryptocurrencies on Twitter by the number of user mentions.

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In fact, SHIB’s growth in recent months has even caught the attention of large investors in traditional finance. This week, the CIO of Guggenheim Partners, Scott Minerd, spoke about cryptocurrency during an interview CNBC. The investment firm executive admitted that he would have liked to invest in the token, although he was somewhat perplexed by the meteoric rise.

In February or March, if you had invested a thousand dollars in Shiba Coin, today you would have 2.1 million dollars … I wish I had invested a hundred thousand.

Comments from Minerd, who has gained notoriety for his price predictions of Bitcoin, followed the opinions of the director of Scion Asset Management, Michael Burry, from last week, who called Shiba Inu “Useless”Due to its gigantic offer.

Robinhood users plead for SHIB incorporation

Amid the boom, several crypto trading platforms have chosen to list the token. The renowned exchanges Coinbase, Coinbase Pro and Binance.US have recently added the doggie cryptocurrency to their trading listings. Also the stock trading app eToro included Shiba Inu at the end of July.

However, despite the fact that the token meme has reached various commercial platforms, including ZebPay, India’s oldest cryptocurrency exchange, many users are still waiting for its debut on Robin Hood. As recently reviewed U.Today, orna Change.org petition that is requesting Robin Hood to add the rival of Dogecoin has exceeded 270,000 signatures.

At the time of publication, the petition is very close to reaching its top with 277 thousand signatures; Although it remains to be seen whether the platform will actually take the initiative to include the token once the total of 300,000 signatures is reached.

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In any case, the interest in SHIB’s support in Robin Hood It has been such that at the beginning of this week the cryptocurrency shot up about 10% after the rumors of its listing on the platform. At the time, the fake news on Twitter boosted the price of the token.

The latest news about the canine coin listing in Public seems to be having a similar effect on prices. By the time of editing, SHIB is trading USD $ 0.00002827 with an increase of 2.4% in the last 24 hours.


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Sources: U.Today, U.Today, U.Today

Hannah Estefanía Pérez’s version / DailyBitcoin

Image from Unsplash

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