'When #Shiba?' Ask Robinhood Users Hungry For Dogecoin-Like Returns

Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has almost no practical use.

Investors clamoring for Robinhood Markets to host shiba inu, a meme-inspired cryptocurrency that has soared in value this month, may need to bide their time as the app-based brokerage says it is in no hurry to list new currencies and analysts expect revenue growth to come from elsewhere.

Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has almost no practical use. Yet its price has rocketed by as much as 1,000% this month, leapfrogging dogecoin to become the world's eighth largest cryptocurrency with a $42 billion market cap.

The currency's eye-watering rally has Robinhood users demanding a piece of the action.

The No. 1 question upvotes on Robinhood's Say Technology platform, which crowdsources questions from retail investors prior to the brokerage's earnings call earlier this week, asked when it will add new coins such as shiba inu.