Robinhood COO Christine Brown has praised the Shiba Inu neighborhood however stated security was the platform’s precedence over the “brief time period achieve” of itemizing new tokens.
Brown made the feedback in an interview for the Crypto Goes Mainstream occasion streamed reside on YouTube on Nov. 10. When requested about Shiba Inu (SHIB) she stated:
“Considered one of my favourite issues is seeing the neighborhood round these cash actually have interaction with us and tell us what they need.”
Nevertheless Brown wouldn’t be drawn on whether or not the American inventory and crypto buying and selling app would listing Shiba Inu. SHIB is at present the eleventh largest cryptocurrency with a market cap of $30 billion.
The neighborhood has stepped up a marketing campaign to persuade Robinhood to listing SHIB and a change.org petition has now obtained greater than half 1,000,000 signatures.
Brown acknowledged that Robinhood is a “safety-first firm” that intently assesses the regulatory feasibility of its listings.
“Our technique is totally different than lots of the opposite gamers on the market who’re racing to listing as many property as potential proper now,” she stated.
“We predict that the brief time period achieve to us just isn’t well worth the long-term commerce off for our customers.”
Brown additionally revealed that Robinhood’s crypto pockets waitlist has surpassed 1.6 million customers. When launched, the crypto pockets will lastly enable customers to maneuver cryptos on and off the platform. The excessive demand signifies customers are keen to achieve management over their cash.
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SHIB is priced at $0.00005430 on Coingecko and has been on a downtrend since Nov.3 when a pockets holding about $5.7 billion USD of the token sprang again to life.