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Robinhood exchange has an update about the listing of SHIB and their crypto wallet launch. The executive presented the listing policy of the firm in a reply to the question that whether the firm has any plan to list the SHIB at all.
SHIB had a price hype in the last week on the assumption that Kraken or Robinhood exchange is going to list the token. 526k people have signed on the petition to list the SHIB at Robinhood exchange. The price hype of the token ended and now the market volume is neutral for the meme currency. Robinhood exchange has an update on this matter as the listing of SHIB was discussed when one of the company executives came to provide an update on their crypto wallet launch.
Robinhood exchange has an update about the listing rumor of SHIB:
A conference was held by Yahoo Finance and Decrypt. Robinhood crypto COO and VP of the Operation, Christine Brown, came to this conference and provided an update on the launch of their crypto wallet as well as about the listing of SHIB. She was asked whether the firm has any intentions to list SHIB. She said Robinhood exchange has an update on this matter which is that our listing policy doesn’t allow us to talk about it. She further said:
But I also think our strategy is a little bit different than a lot of other players out there who are just racing the list as many assets as possible right now.
So, I am not going to break this news here. She clarified that we are not seeing short-term gains but rather going for the long term and regulatory perspective matters a lot. She provided an update on the launch of saying that more than 1.6 million users are already waiting for the product. We want to build features that have the right security in mind with our users and what they’re going to be doing.
She said it will take a bit longer to roll out this product as we are building it by keeping user protection in mind. In my opinion, the stance of the firm is good and they should assess every project.
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