While crypto traders have piled into Shiba Inu (SHIB), the reaction from brokers to the altcoin has been decidedly mixed. Robinhood, the flagship of meme traders, continues to hold off on listing the coin. That has meant its clients have missed out on the opportunity to take part in the 71m per cent price rise seen over the past year. eToro has stepped up from being ‘just’ a copy trading platform to being one of the few offering cryptos to UK retail clients, and it does offer a market.
Shiba Inu Daily Price Chart – Oct-Dec 2021
Crypto purists attracted to the possibility of blockchain finance revolutionising the global financial system will find some irony in the extent to which different broker platforms are adopting the markets.
The scale of the rollout is also crucial for prices, with specialist crypto platform Kraken’s announcement of a SHIB listing from the 30th of November quoted as being part of the reason the coin was, at one point on Tuesday, up 39% on a week-to-date basis. Kraken may be late to the party, but its engagement in the market has given Shiba renewed momentum.
Robinhood Goes Missing
Shiba Inu now has over one million investors, but none of them has taken positions using Robinhood. Its CEO had explained that the platform is waiting on more regulatory clarity on further coin listings. From a price perspective, he’s possibly right to be cautious because equally dramatic price crashes match the incredible price spikes in Shiba.
That hasn’t done much to calm the broker’s client base. In May, a Change.org user called Tristan Luke put up an online petition hoping to gather 500,000 signatures in support of a Shiba Inu listing on Robinhood. As of Thursday, it had attracted at least 393000 signatures.
Shiba Inu FOMO Kicks In – Again!
The problem for traders is that not being able to make their own call on a market can be frustrating. Not every trader looking to buy Shiba Inu is looking to “bet the farm.” Some are trading at a tiny size and are following the adage that investors should only trade in amounts they can afford to lose. For them, Shiba trades are as much about the coin’s role as a conversation point and the question of whether crypto will ultimately turn the current financial system upside down. And of course, with 71m per cent price rises a possibility, there is a chance of a life-changing return being made.
Crowdsourcing information about scam brokers can help others avoid falling into the traps set by disreputable brokers and you can share your experiences here. If you want to know more about this particular topic, or have been scammed by a fraudulent broker, you can also contact us at [email protected]
- What Does Binance Being Kicked Out of Belgium Mean for Crypto Prices?
- Crypto Traders and Coin Prices Face New Challenge as Binance Gives up its FCA Licence
- Interpol Declares Investment Scams “Serious and Imminent Threat”
- Annual UK Fraud Audit Reveals Scam Hot-Spots
- Former Schwab, Wells Fargo, and Morgan Stanley Advisor is Sentenced to Seven Years
- FX Fraudster On The Run After £70m Ponzi Scheme Collapses
What Does Binance Being Kicked Out of Belgium Mean for Crypto Prices?
Safest Forex Brokers 2023
|Broker||Info||Best In||Customer Satisfaction Score|
|#1||72% of retail CFD accounts lose money. Founded: 2014||Global Forex & CFD Broker||
Best Trading Conditions Visit broker
|#2||Your capital is at risk Founded: 2014||Global Forex Broker||
BEST SPREADS Visit broker
|#3||Your capital is at risk Founded: 2006||Globally regulated broker||
BEST CUSTOMER SUPPORT Visit broker
|#4||82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Founded: 2008||Global CFD Provider||
Best Trading App Visit broker
|#5||Between 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010||Global Forex Broker|
|#6||77% of CFD traders lose Founded: 2007||Global CFD & FX Broker||
ALL-INCLUSIVE TRADING PLATFORM Visit broker
|#7||Your capital is at risk Founded: 2009, 2015 and 2017||Global Forex Broker|
|#8||Your capital is at risk Founded: 2006||CFD and Cryptocurrency Broker||
CFD and Cryptocurrency Visit broker
Forex Fraud Certified Brokers
Stay up to date with the latest Forex scam alerts
Sign up to receive our up-to-date broker reviews, new fraud warnings and special offers direct to your inbox