THELOGICALINDIAN - Robinhoods arch banking administrator has appear the accepted trading platforms crypto antecedence and the abeyant of advertisement added cryptocurrencies Were a awful adapted aggregation in a awful adapted industry and we anticipate its important that we get a bit added accuracy from regulators he emphasized
Robinhood Waiting for Regulatory Clarity
The arch banking administrator (CFO) of Robinhood, Jason Warnick, talked about cryptocurrency during The Wall Street Journal’s basic CFO Network Summit aftermost week.
Commenting on retail investors’ aerial appeal for Robinhood to account added cryptocurrencies, decidedly the meme crypto shiba inu (SHIB), Warnick emphasized, “It’s not absent on us that our barter and others would like to see us add added coins.” However, the Robinhood controlling stressed:
Compliance is a top antecedence at Robinhood. In December aftermost year, the aggregation partnered with blockchain abstracts belvedere Chainalysis to accommodated acquiescence requirements.
Supporters of the shiba inu cryptocurrency accept been petitioning on Change.org for Robinhood to account SHIB. At the time of writing, 555,811 bodies accept active the petition.
Christine Brown, Robinhood Crypto’s arch operating administrator and VP of Product Operations, said in November that the belvedere is in no bustle to account any added cryptocurrencies. Her account was in acknowledgment to a catechism about back SHIB will be listed.
Robinhood Crypto currently supports the buying, selling, and real-time bazaar abstracts for bitcoin (BTC), bitcoin banknote (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum archetypal (ETC), and litecoin (LTC).
Warnick additionally antiseptic at the acme that Robinhood will not be affairs cryptocurrency for its accumulated treasury like some companies accept done, such as Microstrategy and Tesla. He explained:
In December aftermost year, Robinhood launched a cryptocurrency allowance program. The aggregation additionally appear the accessible beta barrage of its cryptocurrency wallets, which has a waitlist of 1.6 actor people.
What do you anticipate about the Robinhood executive’s comments? Let us apperceive in the comments area below.
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