Robinhood COO praises Shiba Inu as crypto pockets waitlist grows to 1.6M
Christine Brown, COO of Robinhood, has praised the Shiba Inu community but said security is the platform’s priority over the “short-term gain” of listing new tokens.
Brown made the comments in an interview for the Crypto Goes mainstream event, which was streamed live on YouTube on November 10th. When asked about Shiba Inu (SHIB) she said:
“One of my favorite things to do is to see how the community around these coins really engages with us and tells us what they want.”
However, Brown wouldn’t trust the American stock and crypto trading app to list Shiba Inu. SHIB is currently the eleventh largest cryptocurrency with a market capitalization of $ 30 billion.
The community has stepped up a campaign to convince Robinhood to add SHIB to the list, and a petition from change.org has now received more than half a million signatures.
Brown stated that Robinhood is a “security company” that is carefully evaluating the regulatory feasibility of its listings.
“Our strategy is different from a lot of other players out there who are currently struggling to list as many assets as possible,” she said.
“We think that the short-term gain for us is not worth the long-term compromise for our users.”
Brown also announced that the waiting list for Robinhood’s crypto wallet has exceeded 1.6 million users. Once launched, the crypto wallet finally allows users to move cryptos to and from the platform. The high demand suggests that users are eager to take control of their coins.
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SHIB is priced at $ 0.00005430 on Coingecko and has been on a downward trend since Nov. 3 when a wallet came back to life with approximately $ 5.7 billion of the token.