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What Robinhood CFO Says about the Possibility of Listing New Cryptos like Shiba Inu (SHIB)

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.

Read Also: Largest Ethereum Whales Jump on Shiba Inu, Buy over $88 Million Worth of SHIB in the Past Day

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.

What Robinhood CFO Says about the Possibility of Listing New Cryptos like Shiba Inu (SHIB)
Courtesy of Change.org

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).

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Read Also: Former UFC Champion Chuck Liddell to Invest In Shiba Inu, Dogecoin, and Safemoon

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.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with over 3 million readers from all over the world. She graduated from a reputable university. She joined the crypto ecosystem about two years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects.
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