The strain on Robinhood is mounting more than its choice to checklist one particular of the most well-liked meme coins on the marketplace, Shiba Inu (SHIB), as the platform’s crypto wallet waiting checklist has grown to one.six million end users.
Robinhood CEO Christine Brown praised the Shiba Inu neighborhood, but explained that safety is the platform’s priority more than the quick-phrase profitability of listing new tokens. Brown produced the comment throughout an interview for the Crypto Goes Mainstream occasion which aired reside on YouTube on November ten. When asked about Shiba Inu (SHIB), she explained:
“One of my favorite things is to see the community around these coins interact really well and let us know what they want.”
However, Brown did not disclose no matter if Robinhood will carry out a SHIB listing. SHIB is now the 11th biggest cryptocurrency with a marketplace capitalization of $ thirty billion. The Shiba Inu neighborhood has joined forces to push Robinhood’s campaign to checklist SHIB with a petition on alter.org that has now garnered more than half a million signatures.
However, Robinhood’s CEO explained Robinhood is a corporation that prioritizes security and rigorously evaluates the regulatory feasibility of its estimates. Robinhood’s approach is distinctive from so a lot of other exchanges that are racing to checklist as a lot of assets as feasible at the minute.
“We think the short-term gain for us is not worth the trade-off for long-term users.”
Additionally, Brown also explained that Robinhood’s crypto wallet waiting checklist has surpassed one.six million end users. Upon launch, the wallet will let end users to move their assets in and out of the platform. The substantial demand displays that end users are striving to obtain private manage and the “fever” for the exchange’s SHIB quote signal is acquiring extremely near.
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