Robinhood exec answers to “When Shib” queries

Namrata Shukla
Robinhood Listing Shiba Inu
Source: Pixabay

Retail trading platform Robinhood has launched and begun testing its crypto wallet and the CPO Aparna Chennapragada answered the question “When Shib?” for the Shiba Inu community.

Chennapragada appeared in an interview with Blomberg Technology’s Emily Chang wherein she mentioned that Robinhood was not going to play “crypto bingo” while talking about token listings and Shiba Inu.

On Friday, the trading platform launched the crypto wallet with a selected 1,000 customers from its waitlist. As per the CPO, 2 million people are already on the waitlist. The hype of the crypto wallet and trading platform itself couldn’t keep the enthusiasts away.

The Shiba Inu community especially has been trending “When Shib” on most Robinhood posts. The CPO appreciated the SHIB community told that the trading platform did not take it for granted. However, she went on to add,

“At the same time, I cannot and will not talk about tokens listings. The thing I will assure folks is that we are systematically putting our building blocks in place to be able to enable great crypto products. It started with actually enabling access to coins and in an inexpensive way for you to get into this new emerging economy.”

She further noted,

“You will see us continue to play in the space but we are not going to play the crypto bingo.”

The Shiba army was optimistic about finding a place on the trading platform when the building blocks were in place.

However, recently the CFO of Robinhood, Jason Warnick revealed that the company was awaiting regulatory clarity before adding new tokens. Warnick stated this in response to a petition from the Shiba Inu community to list the token, per reports.

Warnick stated,

“We’re a highly regulated company in a highly regulated industry, and we think it’s important that we get a bit more clarity from regulators.”