Two major exchanges are moving toward the trend of Shiba inu coins because of demand by the community.
At the end of October and the beginning of November, the Shiba inu theme token grabbed huge attention as well as a huge gain in price. However, the Shiba inu community failed to list the Shiba inu support on Robinhood crypto exchange.
In recent days, Gemini crypto exchange and Indian crypto exchange CoinDCX listed Shiba inu.
On 12 November, CoinDCX listed successfully Shiba inu to make available the trade of Shiba inu coin for the Indian crypto CoinDCX users.
And on the same day of listing Shiba on CoinDCX, Gemini exchange announced through his blog that they will give support to the Shiba inu token.
“Today, we are delighted to announce support for Shiba Inu (SHIB), as well as a range of new DeFi, metaverse, infrastructure, and data management tokens.”, Announcement read.
It is worth noting that Gemini crypto exchange announced the listing of 10 crypto assets but still they highlighted the listing of Shiba inu tokens. This is probably an indication of how many opportunities these exchanges have with this meme coin.
Meme coins are a source of revenue?
If we call meme coins a source of revenue then it will not be wrong.
According to a few survey reports, the majority of the people know about Bitcoin, Ethereum, Dogecoin, and Shiba inu coins.
Pro crypto traders are aware of all types of coins but newcomers in this field are highly influenced because of the meme coins especially Dogecoin and Shiba inu coins. These newcomers are only responsible for the huge surge in the price of meme coins.
In the past, Robinhood crypto exchange revealed that they made a big percentage of the revenue through only Dogecoin trading transactions based fees. The trend of Dogecoin is getting down, so they are not getting much from Dogecoin.
In the latest, Robinhood crypto exchange revealed that they will not think about the short-term profit because their services are inclined to the safety of their customers, so they will not list Shiba inu coin, however, they appreciated the engagement of the Shiba community with Robinhood.