In Brief:
- Robinhood COO spoke about Shiba Inu in an interview.
- The COO stated that before listing any cryptocurrency, Robinhood prioritizes safety.
- Robinhood is also debuting a new cryptocurrency wallet.
Christine Brown, COO of Robinhood Crypto, finally broke her silence on the Shiba Inu Community.
The COO shared her thoughts during an interview for the Crypto Mainstream event. She praised the meme coin for its incredible community support but added that Robinhood cannot discuss its listing strategy on a public platform.
Before listing a coin on their exchange, Robinhood wants to consider its long-term value as well as the regulatory perspectives surrounding it. So their approach to Shiba Inu will be the same.
Brown emphasized that Robinhood is not attempting to compete with other industry players who are attempting to add as many digital assets as possible, repeating the company’s “safety first” agenda:
She stated that, “We think that the short-term gain that we might get is not worth the long-term trade-off for our users. We wanna make sure that we are working and assessing everything from a regulatory perspective. And we are a “safety first” company. That’s how we are going to play it.”
Since last month, Robinhood has teased the Shiba Inu community on social media. First, in October, the company released a survey in which Shiba Inu was listed as an option, which sparked the Robinhood and SHIB saga in the first place.
The Shiba Inu community has increased its efforts to persuade Robinhood to list SHIB, and a Change.org petition has now gathered more than 500,000 signatures.
Brown revealed that the waitlist for Robinhood’s crypto wallet has surpassed 1.6 million users. When it is released, the crypto wallet will allow users to transfer cryptocurrencies on and off the platform.
In October, Robinhood became the first cryptocurrency trading platform to offer 24*7 phone support, even on holidays.
