Robinhood on Listing More Cryptocurrencies: ‘It’s Important That We Get a Bit More Clarity From Regulators’

Robinhood’s main fiscal serviceman has revealed the fashionable trading platform’s crypto precedence and the imaginable of listing much cryptocurrencies. “We’re a highly regulated institution successful a highly regulated industry, and we deliberation it’s important that we get a spot much clarity from regulators,” helium emphasized.

Robinhood Waiting for Regulatory Clarity

The main fiscal serviceman (CFO) of Robinhood, Jason Warnick, talked astir cryptocurrency during The Wall Street Journal’s virtual CFO Network Summit past week.

Commenting connected retail investors’ precocious request for Robinhood to database much cryptocurrencies, peculiarly the meme crypto shiba inu (SHIB), Warnick emphasized, “It’s not mislaid connected america that our customers and others would similar to spot america adhd much coins.” However, the Robinhood enforcement stressed:

We’re a highly regulated institution successful a highly regulated industry, and we deliberation it’s important that we get a spot much clarity from regulators.

Compliance is simply a apical precedence astatine Robinhood. In December past year, the institution partnered with blockchain information level Chainalysis to conscionable compliance requirements.

Supporters of the shiba inu cryptocurrency person been petitioning connected Change.org for Robinhood to database SHIB. At the clip of writing, 555,811 radical person signed the petition.

Christine Brown, Robinhood Crypto’s main operating serviceman and VP of Product Operations, said in November that the level is successful nary hurry to database immoderate further cryptocurrencies. Her connection was successful effect to a question astir erstwhile SHIB volition beryllium listed.

Robinhood Crypto presently supports the buying, selling, and real-time marketplace information for bitcoin (BTC), bitcoin currency (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classical (ETC), and litecoin (LTC).

Warnick besides clarified astatine the acme that Robinhood volition not beryllium buying cryptocurrency for its firm treasury similar immoderate companies person done, specified arsenic Microstrategy and Tesla. He explained:

There aren’t compelling reasons strategically for our concern to enactment immoderate meaningful magnitude of our firm currency into cryptocurrencies.

In December past year, Robinhood launched a cryptocurrency acquisition program. The institution besides announced the upcoming beta motorboat of its cryptocurrency wallets, which has a waitlist of 1.6 cardinal people.

What bash you deliberation astir the Robinhood executive’s comments? Let america cognize successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.