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Monday, December 6, 2021

Robinhood to Set File Straight on Rumored Shiba Inu Itemizing Throughout At this time’s Earnings Name

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Alex Dovbnya

Will Robinhood record Shiba Inu? This query is high of thoughts for particular person traders who’re ready for the corporate’s earnings name

In accordance with investor communications platform Say Applied sciences, the highest query submitted by Robinhood traders forward of the corporate’s Q3 earnings name is whether or not or not the web brokerage app plans to record the Shiba Inu cryptocurrency.

Proponents of the potential itemizing declare that the corporate’s reluctance so as to add new cryptocurrencies would possibly harm its income:

Lots of the rivals have added varied cryptocurrencies to purchase and promote, but Robinhood hasn’t added any new cryptocurrencies in over two years.

Within the second quarter, Dogecoin transactions accounted for 34% of all transactions.

Robinhood, which claims to be on the forefront of democratizing finance, began answering the top-voted questions submitted by traders throughout its Q2 earnings name.

All inquiries are processed through Say Applied sciences, which Robinhood acquired in early August.

A Change.org petition so as to add Shiba Inu to the favored buying and selling app has reached 324,000 signatures.

Final week, CEO Vladimir Tenev averted directly answering the query in regards to the hottest meme token.

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