Regulatory concern not allowing Robinhood to list Shiba Inu
A report of Reuters claimed that Robinhood may not soon list Shiba Inu coins because of many factors.
Since more than a week, Rumours and pressure on the Robinhood platform have increased to list Shiba Inu coins. Even many crypto investors forced Robinhood crypto exchanges through Twitter trends. But Robinhood firm is not open to talking about it.
Recently Reuters published a report on Robinhood listing Shiba Inu. According to Reuters, many factors are responsible for Robinhood not listing Shiba on their platform.
Reuters believes that there are regulatory concerns with the Robinhood platform to list new coins at their platform. And also we can understand that Robinhood will not go behind to make money blindly from their users but they will not take decisions in this early stage, probably regulatory matters are a big concern.
Even in the latest interview, Robinhood CEO claimed that they don’t want any type of risk for their users. So there are huge chances that there are some regulatory concerns to add Shiba Inu. It is worth noting, Robinhood doesn’t allow users to transfer crypto, it only allows them to buy and sell on the platform.
Mati Greenspan, head of Quantum Capital, also shared his stance on the Shiba listing on Robinhood. According to Greenspan, Robinhood firm wants to see their customers happy.
“stay on their toes to keep their clients happy,”
The statement of Greenspan indicates that Robinhood firm has a belief that Shiba inu coins may crash and can result in big losses.
Q3 Earning call of Robinhood forcing Shiba Listing
In the past earning calls report, Robinhood revealed that they made very high revenue through DogeCoin transactions. But now in Q3, the firm is facing a huge plunge in revenue over the last quarter.
Most of the Shiba Inu coin investors claimed that the Shiba Inu coin is going to rise day by day and no matter whether Robinhood will support it or not. But if Robinhood wants to increase its revenue then it should list Shiba.
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