Robinhood COO appreciates Shiba Inu community but says safety first

Robinhood COO appreciates Shiba Inu community but says safety first 2

Robinhood COO appreciated the Shiba inu community and claimed that regulatory guidelines are not allowing the team to list Shiba inu.

In the present time, the Shiba inu coin is at the top level trend. As per research, the Shiba inu coin touched no. 1 position in the retweeted hashtag posts on Twitter. Shiba community filed a petition on chage.org to force Robinhood crypto – Stock exchange to list Shiba inu coin. 

On 10 November,  Christine Brown- COO of Robinhood company- appeared in an interview with the “Crypto Goes Mainstream” event streamed live on YouTube. In the interview, Brown said that companies can see a favourite thing with the Shiba inu community. According to Brown, the Shiba community is highly engaged with the Robinhood platform and that is a much-appreciated thing for them. 

“One of my favourite things is seeing the community around these coins engage with us and let us know what they want.”

Further Brown added that they can’t think about the short term profit over the security of their users and there are regulatory issues, which are stopping the exchange to list Shiba So, Brown tried to indicate that Robinhood is not planning to list Shiba inu coin.

 Brown also said that Robinhood’ strategy is different from the other crypto players, which are engaged in listing the new assets as soon as possible. 

“We think that the short term gain to us is not worth the long-term trade-off for our users” 

This statement of Brown indicated that the Robinhood platform believes that Shiba inu will not remain able to sustain its crypto business operations perfectly just like they are doing with flagship crypto assets.

Brown further said that Robinhood is moving toward new services for its crypto users. With the new crypto wallet, users will be able to send, receive crypto funds to third party platforms. And also said that more than 1.6 million users are on the waitlist to access the crypto wallet in the initial phase.

Read also: Apple CEO reveals his crypto-investment

Similar Posts