The Robinhood asset buying and selling platform recognized the potential of Shiba Inu’s supporters. However, the company does not seem willing to list the SHIB token, as its enthusiasts ask.
According to Christine Brown, the director of operations for Robinhood’s cryptocurrency arm, the Shiba Inu community has done well in expressing its desire to have the cryptoactive listed on the exchange.
However, she said the popular trading platform is still reluctant to do so.
During an interview at the Crypto Goes Mainstream event, Brown was asked about Robinhood’s position regarding the Shiba Inu memecoin’s soaring popularity.
At the time, she pointed out that many community members are wondering if Robinhood will actually add SHIB, as it did with Dogecoin (DOGE).
Shib Inu
The Robinhood petition to list the token already has over half a million signatures.
However, Brown said he is unable to provide details on the company’s plans for adding new tokens.
Instead, she said Robinhood is a “security first company” that works well at the regulatory level. And this can be understood as a cold water bath for SHIB holders.
“We think the short-term gain for us doesn’t pay off, in the long term, for our users. We want to make sure we’re working and evaluating everything from a regulatory perspective,” noted Brown.
However, she commended the Shiba Inu community for their initiatives, saying:
“They really engage with us and really tell us what they want.”
In recent months, Shiba Inu has grown strongly in popularity. The number of holders jumped to around 1 million, according to the CERTIK audit report.
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