Robinhood discusses the introduction of Crypto Wallet, listing strategy as a petition to list Shiba Inu with more than 526,000 signatories-Exchanges
Robinhood discusses the introduction of Crypto Wallet, listing strategy as a petition to list Shiba Inu with more than 526,000 signatories-Exchanges
The Chief Operating Officer (COO) by Robinhood Crypto has provided an update for the upcoming introduction of the company's cryptocurrency wallet. The executive also discussed Robinhood's listing strategy in response to the question of whether the platform will list the cryptocurrency Shiba Inu (Shib).
COO from Robinhood Crypto discusses listing strategy as a petition to list Shib wins more supporters
Christine Brown, COO and VP of Product Operations by Robinhood Crypto, spoke at a conference of Yahoo Finance and Decrypt on Tuesday about the crypto strategy of their company. She also provided an update for the upcoming introduction of Robinhood.
When asked whether Robinhood Shiba Inu (Shib) will list and what the considerations for adding the MEM cryptocurrency, the COO of Robinhood Crypto found: "When it comes to our strategy, what we will list, the first thing we will not talk about is. So I will unfortunately not publish this message here." She stated:
But I also think that our strategy is a little different from the many other players out there who have just as many assets on the list.
"We think that the short -term profit we could make is not worth the long -term compromise for our users," she clarified. "We want to make sure that we work and evaluate everything very well from a regulatory point of view. And we are a security company, so we will play it that way."
Many Shiba-Inu crypto supporters asked Robinhood: "When Shib?" A petition on change platform, which calls for the trading platform, that Listing meme crypto has received more than 526k signatures at the time of writing.
In terms of the prospect that Robinhood in particular is noted Shib, said Brown:
One of my favorite actions is to see how the community really interacts with us and really tells us what they want.
Introduction of Crypto Wallet, Q3 profit and crypto investment strategy
Brown also shared some news about the Start Krypto-Wallet Robinhood recently announced. Robinhood's crypto wallet will enable its users to move supported cryptocurrencies in and out of their broker accounts. The COO found that "a few weeks" have passed since the announcement: "We are currently on a waiting list of 1.6 million users waiting for this product."
she explained: "We are actively in our alpha phase, so we have users who are integrating who actually get access to this product today. But we move slowly, precisely because we are a safe company. We want to develop functions that have the right security for our users and their activities."
The COO announced some details on which the company has been working behind the scenes for the wallet in the past few months. "Things we do, we build MFA [Multifactor Authentication] in-app, so that we know that you actually initiate a transfer. We add controls for transactions to see in which wallet you go to ensure that you are safe or risk-free. And this is one of the reasons why we will need a little longer to roll out." Nevertheless, Brown confirmed:
We are still on the right path for general availability in the first quarter, at the end of the first quarter.
Robinhood recently reported that it Results of the third quarter With cryptocurrencies of $ 51 million compared to $ 233 million in the second quarter. About 40 % of his income -based revenue on cryptocurrencies was on transactions in Dogecoin (Doge).
While the platform's revenue based on crypto transactions sank in the third quarter, Brown pointed out that "in comparison to the year we still rose 800%", and emphasized: "The retail market is cyclical, so we will climb" to look down, we should be prepared for it. "
She also commented on the opinion of some crypto skeptics who claimed that crypto investments were either "crazy or stupid". Braun noticed:
57% of Americans, the majority of Americans, have a long -term perspective for crypto. It is not the people who just want to get in and play and want to see a quick pop.
do you believe, Robinhood becomes Shib list? Let us know in the comment area below.
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