According to the latest development, Robinhood, the online no-commission investing platform, may not be listing the second-largest meme coin anytime soon. This was related a couple of hours ago by the chief financial officer (CFO) of Robinhood, Jason Warnick.
Moments after Robinhood released its fourth-quarter earnings report on 27th January, the CFO of the firm told reporters that there is a need to take a lot of measures before incorporating new digital assets, citing concerns about some crypto assets being deemed unregistered securities by the SEC.
Jason Warnick said, “We know our customers want new coins. The message is clear.”
A few months ago, the Shiba Inu community took a drastic step by launching a petition on Change.org to persuade Robinhood to list SHIB on its platform. At the time of writing, the petition that targets 1 million signatures has garnered over 556,000 supports.
Despite this notable number of signatures, which shows the level of users’ interest in listing the second-largest meme token, the firm’s executives continue to stress that regulatory clarity has to be considered before listing new crypto assets, especially Shiba Inu (SHIB).
Recently, Robinhood, which is mainly a stock trading app, decided to give crypto a chance on its platform. So far, the platform has added support for seven crypto assets, including Bitcoin (BTC), Ethereum (ETH), and the largest meme token Dogecoin (DOGE).
According to Jason Warnick, Robinhood will soon launch a debit card that will enable faster withdrawals, in a bid to open up its crypto products to customers across the globe. This, he said, will play out in the next few months.