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More Than 1.6 Million Robinhood Users Await Cryptocurrency Wallet Feature, Shiba Inu Listing



More Than 1.6 Million Robinhood Users Await Cryptocurrency Wallet Feature, Shiba Inu Listing

Key takeaways:

  • Robinhood COO Christine Brown appeared as a guest during Tuesday’s Crypto Goes Mainstream event and talked about the possibility of the Shiba Inu listing and upcoming crypto wallet feature
  • More than 500,000 users have signed the petition imploring Robinhood to list SHIB
  • Cryptocurrency wallet feature is reportedly coming to Robinhood users in early 2022

Christine Brown, Robinhood’s chief operating officer (COO) was interviewed during Tuesday’s Crypto Goes Mainstream event hosted by Yahoo Finance and Decrypt, where she was asked about the possibility of Robinhood listing Shiba Inu (SHIB) and talked about the growing waitlist for the cryptocurrency wallet. 

500,000 users sign petition requesting Robinhood to list Shiba Inu

In addition to Brown, the event featured prominent speakers from the cryptocurrency industry and traditional finance, such as FTX CEO Sam Bankman-Fried, Solana founder Anatoly Yakovenko, and VaynerMedia CEO Gary Vaynerchuk.

The COO of Robinhood had kind things to say about the Shiba Inu community and about the level of engagement that memecoins generate from their holders. Brown said she welcomes communities’ willingness to “let us know what they want.”

SHIB supporters certainly don’t shy away from making their intentions clear. According to a growing list of signatures, there is a huge amount of interest for a SHIB listing on Robinhood as more than 500,000 users have already signed the petition.

Judging by her comments, Brown made apparent that the commission-free investing app will not list SHIB in the near future. Brown stated that Robinhood is focused on assets with long-term potential and refrains from making listing decisions based on short-term gains.

“Our strategy is different than a lot of the other players out there who are racing to list as many assets as possible right now.”

During the 15 minutes long interview, Brown was also asked about the upcoming cryptocurrency wallet feature, which will let users transfer their digital assets to and off the exchange platform. According to Brown, the waitlist for the cryptocurrency wallet has grown to 1.6 million users. She added that the product is currently in the alpha stages of development and that the company is making sure things are done precisely and with a security-first mindset.

The wallet rollout is slated for Q1 2022.

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