It is important that we get a little more clarity from the regulatory authorities - regulation
It is important that we get a little more clarity from the regulatory authorities - regulation
The Chief Financial Officer from Robinhood has revealed the crypto priority of the popular trading platform and the potential of listing further cryptocurrencies. "We are a heavily regulated company in a heavily regulated industry, and we think it is important that we get a little more clarity from the regulatory authorities," he emphasized.
Robinhood is waiting for regulatory clarity
The Chief Financial Officer (CFO) by Robinhood, Jason Warnick, spoke last week during the virtual CFO Network Summit des Wall Street Journal about cryptocurrencies.
In terms of the high demand from private investors for Robinhood, more cryptocurrencies, especially the Meme Crypto Shiba Inu (Shib), emphasized Warnick: "It has not escaped that our customers and others want us to add more coins." However, the Robinhood manager emphasized:
We are a heavily regulated company in a heavily regulated industry, and we think it is important that we receive a little more clarity from the supervisory authorities.
compliance has top priority in Robinhood. In December last year, the company Partner with blockchain data platform Chainalysis.
supporters of the Shiba-Inu cryptocurrency have directed a petition to Robinhood on Change.org to list Shib. At the time of writing, 555,811 people signed the petition.
Christine Brown, Chief Operating Officer by Robinhood Crypto and VP of Product Operations, said that the platform is not in a hurry. Your statement was an answer to a question of when Shib was listed.
Robinhood crypto currently supports the purchase, sale and real-time market data for Bitcoin ( bitcoin ), bitcoin-bar money ( bch ), Bitcoin-sv ( bsv ), dogecoin (doge), ethereum ( eth ), Ethereum classic ( etc ) and litecoin ( ltc ).
Warnick also made it clear at the summit that Robinhood would not buy cryptocurrency for his corporate fund, as some companies such as Microstrategy and Tesla did. He explained:
There are no mandatory strategic reasons for our company to invest a significant amount of our company money in cryptocurrencies.
In December last year, Robinhood a Cryptocurrency gift program . The company also terminated the upcoming beta start of its Wallets for cryptocurrencies has.
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