Crypto: Shiba Inu jumps over 20%, as Robinhood lists the meme token

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Crypto coin Shiba Inu jumped more than 20% on Tuesday, after brokerage app Robinhood said it has listed the popular meme token, along with three others, months after its supporters called for the move. 

The dog-themed token

is trading at around $0.000028, up 21% over the past 24 hours, according to CoinDesk data. 

Robinhood also listed three other cryptocurrencies, including tokens of decentralized lending platform Compound, blockchains Polygon

and Solana
according to a blog post on Tuesday. 

It adds to Robinhood’s existing listing of seven cryptocurrencies, including bitcoin
bitcoin cash
bitcoin SV
ethereum classic
and litecoin

Shiba Inu’s fans have long been pushing for the token’s listing at Robinhood. A petition from to get SHIB on Robinhood received nearly 560,000 signatures. The token surged more than 40,000,000% in 2021, while it has lost 32.7% year-to-date. 

Read: Why haven’t we seen the rise of next Dogecoin or Shiba Inu? Here are three main reasons

“As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform,”  Steve Quirk, chief brokerage officer at Robinhood wrote in the blog post. 

Earlier this month, Robinhood rolled out crypto wallet to more than 2 million people and enabled transactions on the Lighting network, a payment protocol layered on top of Bitcoin that aims to enable fast transactions.

Bitcoin traded 1.6% lower from 24 hours ago at around $40,465, while ether gained 0.5% to around $3,060.

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