Robinhood was one of the contributing factors that led to Shiba Inu making major gains last month. The COO of the exchange has now come out to praise Shiba Inu for creating engagement with its users.
Last month, Shiba Inu made a major rally towards highs of $0.000086, and the majority of these gains were attributed to speculation that the altcoin would be listed on Robinhood. The Shiba Inu community had stepped in with a petition to convince the exchange to list SHIB. The petition has currently garnered over 500,000 signatures.
Christine Brown, chief operating officer at Robinhood Crypto praises SHIB community:
“When SHIB? One of my favorite things is seeing the community around these coins. You know, they really engage with us and really let us know what they want.”
However, the COO of Robinhood, Christine Brown, has stated that the exchange focuses on a safety-first approach before listing any coins.
Therefore, she noted that before any decision was made regarding listing an asset, the exchange needed to assess the regulatory feasibility. Therefore, the firm was not after the short-term gains of a coin that would affect the long-term tradeoff for users.
“We think that the short-term gain that we might get is not worth the long-term trade-off for our users. We wanna make sure that we are working and assessing everything from a regulatory perspective. And we are a “safety first” company. That’s how we are going to play it.”