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- Uphold, a regulated multi-asset exchange, has added Shiba Inu to its listings. The announcement was posted on the exchange’s Twitter handle.
- However, Trading of SHIB, on the other hand, is still prohibited throughout Uphold’s current operating zones.
- Robinhood is one platform that has been unable to make up its mind about SHIB’s listing. Since last year, the SHIB community has been requesting that SHIB be listed on Robinhood.
Uphold, a multi-asset trading platform has included Shiba Inu (SHIB) in its list. The exchange revealed that SHIB is now accessible in some regions.
Shiba Inu Community is expecting a listing on Robinhood, a retail trading platform even though SHIB has experienced a convincing adoption.
Uphold Adds SHIB To Its Platform
Shiba Inu has been added to Uphold, a regulated multi-asset exchange. The exchange announced the news on its Twitter handle. Trading of SHIB, however, is still not allowed in the current regions where Uphold operates. The SHIB listing will bring the meme coin nearer to the global Uphold community of over 1.7 million members.
As of now, users along with 50 cryptocurrencies including crypto king Bitcoin and XRP, can also trade inequities, national currencies, and precious metals such as gold.
The platform is also hailed for its low trading fees. SHIB’s high demand and traction is the driving force behind the meme coin’s listing on the popular exchange.
According to the exchange’s website, SHIB’s image as a meme coin conceals its growing popularity as a payment coin. However, there is no doubt that SHIB has benefitted from the hype at every twist including its fascinating rise.
SHIB’s huge traction is only noticed by Uphold among the latest exchanges. Gemini, Bitstamp, and Kraken are other leading platforms that have included SHIB in their platforms.
Robinhood is one platform that hasn’t been able to make its mind regarding the listing of SHIB. The SHIB community has been demanding the listing of SHIB on Robinhood since last year.
A petition by the SHIBArmy received over 555,000 signatures to add it to Robinhood.
There were also rumors recently that the listings might happen in the first quarter of 2022 or in
February, as predicted by business news handle ZeroHedge.
During the virtual CFO Network Summit, Robinhood’s Chief Financial Officer, Jason Warnick said that before adding more tokens such as SHIB, they need further clarity from regulators.
Now, after the listing of meme coins on Uphold, proponents are expecting SHIB’s debut on the Robinhood also in the first quarter itself.
There is not yet confirmation from Robinhood, however, enthusiasts are speculating that the exchange might have changed their decision as last time they stated that they were pleased with the offering they provided.
Since last year when it rose to popularity, Shiba Inc has achieved a notable network effect. Many outlets now are also accepting it as payments besides the meme coins listing on the exchanges. AMC, the largest theater chain, and Newegg are among the several outlets.
Recently, GameStop also disclosed that it will soon begin accepting SHIB.
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SHIB’s Ventures in 2022
Shiba Inu developers have also been improving SHIB’s chances by introducing new extensions, such as gaming, to the SHIB environment, which will accelerate NFTs in the ecosystem.
According to analysts, all of this, together with a token burning mechanism that is designed to reduce the circulating supply of SHIB, is set to give the price of SHIB a huge rise this year. Market analysts, on the other hand, are less optimistic about the meme coin. SHIB is expected to “face-plant” this year, according to The Motley Fool.
At the time of writing, SHIB stands at $0.00002156 and has experienced a rise of 12.51% in the last 24 hours.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
