1/18/2024 0 Comments Bittorrent coin on robinhoodKhoo says that Robinhood may be concerned that listing a new coin like SHIB could open the company and customers up to things like “money laundering, fraud, and cyberattacks,” which is why Robinhood needs to conduct extensive due diligence before adding coins.įor consumers’ sake, Robinhood may also be wary of adding another volatile currency to its ecosystem. Robinhood did not return a request for comment. Over 1 million people-representing a third of Robinhood’s users at the time-signed up to join a wait list before Robinhood launched crypto trading in 2018. Robinhood’s focus on a younger demographic made expanding into cryptocurrencies a natural extension of its services. Robinhood was founded in 2013 with the mission of making trading more accessible to average investors, launching a user-friendly app that made it easier to trade stocks and ETFs. Robinhood, too, stands to benefit from a potential listing, but has so far been unwilling to assume the potential volatility and risks of letting its users buy and sell the second dog-related meme coin. Shiba Inu investors and community members believe that a Robinhood listing could propel the coin to even greater heights, and a petition imploring Robinhood to list the new coin has gathered nearly 400,000 signatures. But recent unconfirmed rumors that Shiba Inu would list on popular stock and crypto trading app Robinhood also helped spark SHIB’s recent trading frenzy.
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