Robinhood COO Christine Brown praised the Shiba Inu group, however stated safety is the platform’s precedence over the “short-term profit” of itemizing new tokens.
Brown made the feedback in an interview for the Crypto Goes Mainstream occasion, which aired reside on YouTube on November 10. When requested about Shiba Inu (SHIB), she stated:
“One among my favourite issues is to see how the group round these cash actually interacts with us and tells us what they need.”
Nevertheless, Brown didn’t grow to be excited by whether or not an app for buying and selling US shares and cryptocurrency would come with Shiba Inu on the record. SHIB is presently the eleventh largest cryptocurrency with a market cap of $ 30 billion.
The group has stepped up a marketing campaign to persuade Robinhood to incorporate SHIB on the record, and the change.org petition has garnered over half one million signatures.
Brown stated Robinhood is a “security first” firm that rigorously evaluates the regulatory feasibility of its listings.
“Our technique is totally different from that of many different gamers who at the moment are trying to record as many property as attainable,” she stated.
“We predict the short-term advantages to us usually are not well worth the long-term trade-offs for our customers.”
Brown additionally revealed that the Robinhood cryptocurrency pockets waitlist has exceeded 1.6 million customers. As soon as launched, the crypto pockets will lastly enable customers to maneuver crypto to and from the platform. Robust demand signifies that customers need to achieve management over their cash.
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The SHIB worth on Coingecko is $ 0.00005430, and there was a downtrend since November 3 when the pockets containing a token price about $ 5.7 billion has come to life.