Although it remains unclear whether new cryptocurrencies will be added to the Robinhood application due to legal question marks, the price of Shiba Inu (SHIB) is in this environment of uncertainty. breaking the record.
According to CoinGecko data, SHIB has nearly doubled in value in the last seven days, making it over $27 billion gave a market value. SHIB, which broke its own price record, in terms of market value the eleventh largest cryptocurrency in case.
Seeing the cryptocurrency they support listed on Coinbase last month, the SHIB community would like to see it featured on mobile trading platform Robinhood as well. To convince Robinhood Reaching 500,000 signatures The Change.org campaign, which was launched with the aim of becoming one of the most signed campaigns, was at the time of writing. More than 330,000 signatures has received.
Legal uncertainties continue
Robinhood’s customer base, which can trade with stocks as well as cryptocurrencies, can be found in the app. be able to trade with new cryptocurrencies and to get lending service wants.
The company’s CEO, Vlad Tenev, stated that this request was met during the meeting where the third quarter results were discussed. they are aware of however, their response to this request depends on the regulations added.
“The environment in which new cryptocurrencies and crypto-denominated lending products still exist in terms of regulation. uncertain and continues to evolve. When adding new cryptocurrencies, safe for our customers as well as comply with legal requirements We have to carefully consider whether we can do it somehow.”
The Robinhood app can currently be used to trade bitcoin, bitcoin cash, bitcoin sv, dogecoin, ether, ether classic and litecoin.
On the issue of whether new cryptocurrencies can be added to the application “hopeful for clarification soon” Saying Tenev, “Until then, we will continue to work with regulators in the hopes of achieving regulations that will be conducive to innovation and that will be applied equally across the industry.” said.
Tenev did not make a public statement regarding the addition of the Shiba Inu to Robinhood.
On the crypto side, there is a drop compared to the second period
Announcing its report for the third quarter of 2021 on Tuesday, Robinhood announced that the cryptocurrency made in the app revenue from transactions in the second term $233 million compared to the number 51 million dollars announced the fall.
The company’s revenue for the period, expected $437.1 million under the number 365 million dollars declared as.
Robinhood’s under-development digital wallet is giving users cryptocurrencies. move out of application will offer the opportunity. Tenev, for this app more than 1 million people He announced that he had signed up for the waiting list.