Per Fortune, Christine Brown, the chief working officer of Robinhood Crypto, mentioned that Robinhood isn’t making an attempt so as to add new cryptocurrency cash quickly, regardless that Shiba Inu followers are hoping for it to occur.
- Brown mentioned the corporate is not sure about including newer cash since they’ve risky markets and may very well be dangerous investments.
- “Our technique is a little bit bit totally different than numerous the opposite gamers on the market who’re simply racing to listing as many belongings as potential proper now,” Brown mentioned, per Fortune. “We expect that the short-term acquire we’d get just isn’t definitely worth the long-term tradeoff for our customers.”
There have been rumors for some time that Robinhood would add Shiba Inu coin to its buying and selling and investing app. Shiba Inu coins fans have pushed for the transfer as a result of Robinhood is a significant platform, which might expose extra buyers to the coin.
Up to now, each Coinbase, a well-liked buying and selling platform, and Public, a retail buying and selling app that rivals Robinhood, have added Shiba Inu coin. Followers have seen Robinhood as the ultimate piece of the puzzle.
That mentioned, the Financial Conduct Authority within the U.Ok. mentioned cryptocurrencies — particularly smaller and newer cash like Shiba Inu coin — may very well be dangerous investments for folks.
- “Investing in cryptoassets, or investments and lending linked to them usually entails taking very excessive dangers with buyers’ cash,” FCA’s statement said. “If shoppers put money into these kind of product, they need to be ready to lose all their cash.”