Robinhood COO praises Shiba Inu as crypto wallet waitlist grows to 1.6M

Pressure is mounting for Robinhood to list one of the most popular memecoins on the market, and the waitlist for the platform’s crypto wallet has grown to 1.6 million users.

Robinhood chief operating officer Christine Brown has praised the Shiba Inu community but said safety was the platform’s priority over the “short-term gain” of listing new tokens.

Brown made the comments in an interview for the Crypto Goes Mainstream event streamed live on YouTube on Tuesday. When asked about Shiba Inu (SHIB) she said:

“One of my favorite things is seeing the community around these coins really engage with us and let us know what they want.”

However, Brown would not be drawn on whether the American stock and crypto trading app would list Shiba Inu. SHIB is currently the 11th-largest cryptocurrency with a market capitalization of $30 billion.

The community has stepped up a campaign to convince Robinhood to list SHIB, and a Change.org petition has now obtained more than half a million signatures.

Brown stated that Robinhood is a “safety-first company” that closely assesses the regulatory feasibility 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 said.

“We think that the short-term gain to us is not worth the long-term tradeoff for our users.”

Brown also revealed that Robinhood’s crypto wallet waitlist has surpassed 1.6 million users. When launched, the crypto wallet will finally allow users to move cryptocurrencies on and off the platform. The high demand indicates users are eager to gain control over their coins.

Related: Next generation of crypto millionaires: SHIB allows warehouse manager to retire

SHIB is priced at $0.00005430 on CoinGecko and has been on a downtrend since Nov. 3 when a wallet holding about $5.7 billion of the token sprang back to life.

Source: cointelegraph.com