Robinhood Says No to New Token Listing,  Disappoints SHIB Users

The announcement seems to have elevated some level of disappointment towards Shiba Inu (SHIB) and its community as they expect to see Robinhood-SHIB listing in the market.

Robinhood CFO Jason Warnick mentioned that the initiative is also a threat to other existing tokens that are seeking other alternatives to get listed on Robinhood. He said “we know our customers want new coins. The message is clear.” Additionally, Warnick stated how Robinhood has dedicated itself to new assets but he didn’t mention the company’s plan of  listing the tokens.

Furthermore, Robinhood has launched a beta crypto wallet program that will be available to everyone in March with a goal to expand and facilitate the general well-being of its platform. Moreover, Robinhood stressed that it has another plan and initiative to launch crypto products and a debit card in the coming months.

As Robinhood community awaits to harness the use case of the wallet, Warnick emphasized that the wallet can be a long-term strategic asset to the crypto space.

“It’s a huge opportunity. We still think it’s early but crypto wallets are a foundational experience.”

On the other hand, Robinhood has entered face-to-face discussion with financial regulators regarding unlicensed securities warnings, according to Warnick.