Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Robinhood Says No to New Token Listing,  Disappoints SHIB Users

Published 01/31/2022, 09:30 AM
Updated 01/31/2022, 09:30 AM
Robinhood Says No to New Token Listing,  Disappoints SHIB Users

    • Robinhood (NASDAQ:HOOD) has no plans to list new tokens soon, according to CFO Jason Warnick.
    • The news disappoints the Shiba Inu community.
    • Robinhood has reported that it has no immediate plans to list new tokens on its platform anytime soon.

The announcement seems to have elevated some level of disappointment towards Shiba Inu (SHIB) and its community as they expect to see Robinhood-SHIB listing in the market.

Robinhood CFO Jason Warnick mentioned that the initiative is also a threat to other existing tokens that are seeking other alternatives to get listed on Robinhood. He said “we know our customers want new coins. The message is clear.” Additionally, Warnick stated how Robinhood has dedicated itself to new assets but he didn’t mention the company’s plan of listing the tokens.

Furthermore, Robinhood has launched a beta crypto wallet program that will be available to everyone in March with a goal to expand and facilitate the general well-being of its platform. Moreover, Robinhood stressed that it has another plan and initiative to launch crypto products and a debit card in the coming months.

As Robinhood community awaits to harness the use case of the wallet, Warnick emphasized that the wallet can be a long-term strategic asset to the crypto space.

“It’s a huge opportunity. We still think it’s early but crypto wallets are a foundational experience.”

On the other hand, Robinhood has entered face-to-face discussion with financial regulators regarding unlicensed securities warnings, according to Warnick.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.