Critical Listing From This Meme Coin: What to Expect in 2022

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Been on a listing frenzy for months. Shiba Inu (SHIB), is now listed on Uphold, a multi-asset trading platform. The exchange announced that SHIB is now available in some regions. As can be seen from all these listings, SHIB is being widely adopted, but the Shiba Inu community is patiently and hopefully waiting for the meme coin to be listed on the Robinhood retail trading platform.

Regulated Exchange Listing from SHIB

Uphold, a regulated multi-asset exchange, has added the Shiba Inu (SHIB) to its platform. The exchange announced the listing with a tweet from their Twitter account. However, SHIB trading is not yet available in all regions where Uphold operates. As a result of the SHIB listing, the meme coin will be available to more than 1.7 million global customers of the platform.

Uphold allows trading nearly 50 cryptocurrencies, including Bitcoin and XRP, as well as national currencies, stocks and precious metals such as gold. The platform is also appreciated by users for having low transaction fees. Uphold states that the high demand and interest towards SHIB contributed to their decision to list the meme coin. The platform’s website says the following about SHIB:

“Classifying SHIB as a meme coin means ignoring the attention it has gained as a currency used as a means of payment. Admittedly, the hype around the coin has helped throughout SHIB’s dramatic rise.”

Uphold is only the newest cryptocurrency exchange to recognize the immense popularity that SHIB has gained. Other leading crypto exchanges that have added SHIB to their platforms include Gemini, Bitstamp, and Kraken.

Robinhood Listing Close?

The end of 2021 was a year when exchanges and trading platforms entered the race to list SHIB, and Robinhood was the only platform that was largely undecided about listing the Shiba Inu. The SHIB community has been pretty persistent since last year for Robinhood to list SHIB.

SHIBArmy even has an online petition that has garnered more than 555,000 signatures for Robinhood to add SHIB to its platform.

Recently, rumors have surfaced that the listing could happen in February or the first quarter of this year, according to business news site ZeroHedge.

In addition, Robinhood’s Chief Financial Officer Jason Warnick revealed during the Wall Street Journal’s virtual CFO Network Summit that the company wanted more clarity from regulators before adding new tokens like SHIB.

“We are a highly regulated company in a highly regulated industry and we think it’s important to get a little more clarity from regulators.”

Since SHIB is now live on Uphold, a regulated trading platform, supporters of the meme coin believe the cryptocurrency will also launch on Robinhood in the first quarter of this year.

Robinhood has not commented on any news related to the SHIB listing, nor has it confirmed it, but there is speculation that they may have changed their stance since they said they were happy with their offer.

How Will SHIB Perform in 2022?

The Shiba Inu has gained significant network influence since gaining popularity last year. After being listed on many different exchanges, several outlets started accepting the coin as payment. Among them are big companies such as the world’s largest cinema chain AMC and Newegg. Also, GameStop recently announced that it will start accepting SHIB.

As Shiba Inu developers have also recently introduced to the SHIB ecosystem games, burning protocols and plugins that will strengthen NFTs in the ecosystem, there is more hope in the community for the meme coin, thus the project started as a meme coin is on a more solid footing.

All this combined with a token burning mechanism that is poised to reduce SHIB’s circulating supply looks set to provide a significant boost to the price of SHIB this year, according to analysts. However, there are market experts who are not too optimistic about the meme coin. Analysts at The Motley Fool, for example, think the SHIB will likely go “downside down” this year. SHIB is among the cryptocurrencies most affected by the market drop and is trading around $0.000019, down 23 percent in the last 24 hours at the time of writing.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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