Shiba Inu wallet waitlist hits 1.6 and Robinood COO hails this
1.6 million people are in a queue for Robinhood's crypto wallet as pressure rises on this company to list one of the market's most popular memecoins.
Shiba Inu community members have been lauded by Robinhood CEO Christine Brown, but she stated the platform's main concern was safety rather than the "short-term gain" that they gain from adding new assets. During an interview at the Crypto Goes Mainstream live event on YouTube on Tuesday, Brown made the following statement when they asked her about SHIB:
"One of my favourite things is seeing the community around these coins really engage with us and let us know what they want."
Whether Shiba Inu will be listed on the American stock and cryptocurrency trading app remains a mystery, as Ms. Brown did not provide any information on that. With a market worth of $30 billion, SHIB is now the 11th biggest cryptocurrency.
It’s interesting to know that, in an effort to persuade Robinhood to list SHIB, the community has amassed more than 500,000 signatures on a Change.org petition.
Brown added that Robinhood is a "safety-first company" that thoroughly evaluates the regulatory viability of its listings. "Our strategy is different than a lot of the other players out there who are racing to list as many assets as possible right now," she added.
"We think that the short-term gain for us is not worth the long-term tradeoff for our users."
Brown also disclosed that the number of people on the waiting list for a Robinhood crypto wallet had topped 1.6 million. Once the crypto wallet is released, users will be able to transfer cryptocurrency in and out of the platform. There is a lot of demand, which implies that consumers are willing to take control of their currency.
SHIB is now trading at $0.00005430, and since Nov. 3, when a wallet containing around $5.7 billion worth of the coin re-emerged, SHIB has seen a steady downtrend.
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