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Pressure is growing on Robinhood over its decision to list one of the most popular meme coins on the market, Shiba Inu (SHIB), as the platform’s crypto wallet waiting list has grown to 1.6 million users.
Robinhood CEO Christine Brown praised the Shiba Inu community but said safety is the platform’s priority over the short-term profitability of listing new tokens. Brown made the comment during an interview for the Crypto Goes Mainstream event that was broadcast live on YouTube on November 10. When asked about Shiba Inu (SHIB), she said:
“One of my favorite things is seeing the community around these coins really interact really well and let us know what they want.”
However, Brown will not disclose whether Robinhood will carry out a SHIB listing. SHIB is currently the 11th largest cryptocurrency with a market cap of $30 billion. The Shiba Inu community joined forces to push Robinhood’s campaign to list SHIB with a petition on change.org that has now garnered over half a million signatures.
However, the Robinhood CEO has stated that Robinhood is a company that prioritizes safety and rigorously evaluates the regulatory feasibility of its listings. Robinhood’s strategy is different from so many other exchanges that are racing to list as many assets as possible at the moment.
“We think the short-term gain for us is not worth the trade-off for users in the long-term.”
Besides, Brown also said that Robinhood’s crypto wallet waiting list has surpassed 1.6 million users. At launch, the wallet will allow users to move their assets in and out of the platform. The high demand shows that users are trying to gain personal control as well as the “fever” about the sign of listing SHIB of the exchange is coming very close.
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