Robinhood is not racing to list shiba inu coin and the short-term gains for the platform wouldn’t be in the interest of its users, crypto COO says

  • Date: 10-Nov-2021
  • Source: Business Insider
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Robinhood is not racing to list shiba inu coin and the short-term gains for the platform wouldn’t be in the interest of its users, crypto COO says

Is not racing to list popular, trending coins such as shiba inu because the short-term gains for the platform would not be in the interest of its users, Robinhood Crypto COO Christine Brown said during Tuesday. The overseer of all of Robinhood's crypto operations and compliance was asked when the trading app plans to list the coin, which has skyrocketed exponentially over the last 12 months. "The first thing is that we're not going to talk about it," she replied. Brown added that Robinhood does not intend to follow in the footsteps of , whose CEO has made it his goal to list . "I also think that our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now," she said. "We think that the short-term gain we might get is not worth the long-term trade-off for our users." For now, Robinhood only has , with dogecoin the newest addition to its roster. That's a far cry from the Coinbase has listed. Shiba inu's stunning recent rally has caused some retail investors to call on Robinhood to add the coin, which is