Robinhood, the cryptocurrency trading app has been in talks with regulators about being listed on one of their brokers. What are your thoughts?
The “shiba price” is a cryptocurrency that has been pushed for a long time by the Shiba Inu community. The community has been pushing hard to get the coin listed on Robinhood.
Christine Brown, the COO of Robinhood Crypto, lauded the Shiba Inu community for their participation with the company, fueling anticipation of an impending IPO. Brown, on the other hand, was eager to dismiss any discussion of a listing, citing corporate policy.
A change.org petition to add Shiba Inu to Robinhood presently has over 525,000 signatures, proving the widespread support for the breed.
Tristan Luke, the petition’s initiator, said that a Shiba Inu listing may be as significant for Robinhood as Dogecoin was a few months ago. He urged people to help Robinhood, which was the first conventional brokerage to make the switch.
Despite this, Robinhood is presently under criticism after a data breach exposed the personal information of 7 million of its consumers.
Is the Shiba Inu on the verge of being listed on Robinhood?
When asked when $SHIB will be listed on Robinhood, Brown began by stating that the Shiba Inu community has been vociferous in their support for a listing. From her viewpoint, she saw this as a plus.
“Seeing the community surrounding these currencies actually connect with us and let us know what they want is one of my favorite things.”
However, when it comes to confirming or rejecting a listing, she went on to clarify that it is corporate policy not to discuss listings until they are officially announced. While apologized for not informing Yahoo Finance of the news.
“The first thing we’re not going to speak about is our plan for what we’re going to list and what we’re not going to sell.” So, I’m afraid I won’t be able to provide that information here; I apologize.”
Robinhood is being chastised for a data breach.
Robinhood announced a severe data breach at the start of this week, affecting more than 7 million clients.
According to Cnet, the breach included “different quantities of data,” with emails accounting for 5 million of the 5 million cases, and complete names accounting for 2 million of the 2 million cases.
310 people’s names, dates of birth, and ZIP codes may have been disclosed, according to Robinhood. A total of ten people had their “more complete account data” leaked.
The organization’s Chief Security Officer, Caleb Sima, stated that exposing the breach was the proper thing to do since they are a transparent and honest company.
“We owe it to our consumers as a Safety First firm to be upfront and behave with integrity.”
According to them, the perpetrator requested money, but the breach has now been controlled, and law enforcement has been notified.
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Posted in: Trading, Memecoins
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