Here’s Why Missing Shiba Inu Is Probably Costing Robinhood Millions in Revenue

Shiba Inu (SHIB) is listed on all major centralized exchanges, including Binance, Kraken, Crypto.com, Bitmart, except Robinhood.

Investors are waiting for Robinhood listing anxiously and keep asking Robinhood the same question again and again. When is Robinhood going to list Shiba Inu (SHIB)?

During the Q&A session held on 27th January, the same question was asked by one of the Shiba Inu community members from the trading app’s co-founder and CEO, Vlad Tenev.

CEO Vlad Tenev has given a round-about answer to this persistent question and said they had heard loudly from customers. Still, an American no-commission investing platform is yet not ready to list any new coins to its app, including the second-largest meme token SHIB anytime soon due to regulatory concerns.

During the Thursday earnings call, Robinhood CEO Vlad Tenev said:

“I wouldn’t say that we’ve been prevented from adding any coins. We have been proactively engaging with the regulators. They are concerned that many of these platforms that are adding a lot of coins may be adding unregistered securities… We are being deliberate. We want to avoid triggering SEC registration requirements.”

Robinhood is consistently ignoring the Shiba Inu token and its Community’s voice. Following this ignorance, Robinhood recorded a massive loss in its crypto revenue in the fourth quarter of 2021.

The trading platform has published its earnings report on 27th January.

According to the Q4 earnings report, Robinhood recorded crypto income of $48.0M in the fourth quarter of 2021, plunges 6% compared to the previous quarter, missing the $55.0M average estimate of analysts surveyed by Bloomberg.

Following the earnings release, Robinhood shares nosedived more than 14% as Wallstreet investors were forced to digest lower than expected earnings.

The shares of the online investing platform are still up 300% compared to 2020; its stubborn reaction towards listing more cryptocurrencies, especially Shiba Inu (SHIB), can further hurt the share price and possibly keep its shortfall trend.

Following Dogecoin (DOGE) meteoric rise, Shiba Inu (SHIB) comes into play and has become the most loved cryptocurrency of investors across the world, as the second biggest meme coin and the 14^th biggest cryptocurrency of the world using market capitalization has shown whopping gains of 425669.4% till now, since its launch.

Even in October 2021, Shiba Inu (SHIB) flipped Dogecoin (DOGE) to become the 7^th biggest cryptocurrency in the world by market cap, when the token price skyrocketed 1,000% within a one-month timeframe.

This parabolic move and looking into the day-to-day developments in the Shiba Inu (SHIB) ecosystem prompted investors to ask for its listing by Robinhood continuously. SHIB investors went as far as launching an online petition on change.org to garner 1 million signatures. At the press time, the petition has received over 550,000 signatures.