Business, Cryptocurrency News

New Crypto Wallet Users Reaches 1.6 Mln On Robinhood – All Due To Meme Coins Trading.

A crypto community-led movement to persuade Robinhood to list SHIB has gathered more than half a million signatures on a petition.

“Seeing the community surrounding these currencies truly connect with us and tell us what they want is one of my favorite things.” Brown made the remarks during a live-streamed interview for the Crypto Goes Mainstream event earlier on 10th November. She stated the following when questioned about Shiba Inu (SHIB).

Brown, on the other hand, refused to say if Shiba Inu will be listed on the American stock and cryptocurrency trading platform. With a market capitalization of over $30 billion, SHIB is now the 11th biggest cryptocurrency.

Robinhood, according to Brown, is a “safety-first firm” that carefully considers the regulatory feasibility of its offerings.

“We have a different approach than a lot of the other players out there right now, who are rushing to list as many assets as possible,” she explained.

“We believe the short-term benefit to us is not worth the long-term cost to our users.”

Brown also announced that the queue for Robinhood’s crypto wallet had topped 1.6 million people. Users will be able to move cryptos on and off the network once the crypto wallet is available. Users are eager to regain control of their money, as seen by the increasing demand.

As per coinmarketcap, SHIB is valued at $0.00005430 USD and has been in a downward trend since Nov. 3, though its up over +10% for the day.

New Crypto Wallet Users Reaches 1.6 Mln On Robinhood - All Due To Meme Coins Trading.

Shiba Inu Price Chart – Source: CoinMarketCap

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