{"id":1194,"date":"2022-01-17T18:00:39","date_gmt":"2022-01-17T18:00:39","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=1194"},"modified":"2022-01-17T18:00:40","modified_gmt":"2022-01-17T18:00:40","slug":"robinhood-on-listing-more-cryptocurrencies-its-important-that-we-get-a-bit-more-clarity-from-regulators","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1194","title":{"rendered":"Robinhood on Listing More Cryptocurrencies: &#8216;It&#8217;s Important That We Get a Bit More Clarity From Regulators&#8217;"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>Robinhood\u2019s chief financial officer has revealed the popular trading platform\u2019s crypto priority and the potential of listing more cryptocurrencies. \u201cWe\u2019re a highly regulated company in a highly regulated industry, and we think it\u2019s important that we get a bit more clarity from regulators,\u201d he emphasized.<br \/><\/strong><\/p>\n<h2>Robinhood Waiting for Regulatory Clarity<\/h2>\n<p>The chief financial officer (CFO) of Robinhood, Jason Warnick, talked about cryptocurrency during The Wall Street Journal\u2019s virtual CFO Network Summit last week.<\/p>\n<p>Commenting on retail investors\u2019 high demand for Robinhood to list more cryptocurrencies, particularly the meme crypto shiba inu (SHIB), Warnick emphasized, \u201cIt\u2019s not lost on us that our customers and others would like to see us add more coins.\u201d However, the Robinhood executive stressed:<\/p>\n<p>We\u2019re a highly regulated company in a highly regulated industry, and we think it\u2019s important that we get a bit more clarity from regulators.<\/p>\n<p>Compliance is a top priority at Robinhood. In December last year, the company partnered with blockchain data platform Chainalysis to meet compliance requirements.<\/p>\n<p>Supporters of the shiba inu cryptocurrency have been petitioning on Change.org for Robinhood to list SHIB. At the time of writing, 555,811 people have signed the petition.<\/p>\n<p>Christine Brown, Robinhood Crypto\u2019s chief operating officer and VP of Product Operations, said in November that the platform is in no hurry to list any additional cryptocurrencies. Her statement was in response to a question about when SHIB will be listed.<\/p>\n<p>Robinhood Crypto currently supports the buying, selling, and real-time market data for bitcoin (BTC), bitcoin cash (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classic (ETC), and litecoin (LTC).<\/p>\n<p>Warnick also clarified at the summit that Robinhood will not be buying cryptocurrency for its corporate treasury like some companies have done, such as Microstrategy and Tesla. He explained:<\/p>\n<p>There aren\u2019t compelling reasons strategically for our business to put any meaningful amount of our corporate cash into cryptocurrencies.<\/p>\n<p>In December last year, Robinhood launched a cryptocurrency gift program. The company also announced the upcoming beta launch of its cryptocurrency wallets, which has a waitlist of 1.6 million people.<\/p>\n<p><em><strong>What do you think about the Robinhood executive\u2019s comments? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Kevin Helms <\/p>\n<p class=\"article__body__author__info__about\">\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.<\/p>\n<p><i class=\"td-icon-font td-icon-mail-1\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p class=\"icymi_title\">Near Foundation Raises $150 Million to Bolster Web3 Adoption<\/p>\n<p class=\"icymi_excerpt\">On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol\u2019s native crypto asset jumped more than 7% &#8230; read more.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/robinhood-listing-cryptocurrencies-important-clarity-from-regulators\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood\u2019s chief financial officer has revealed the popular trading platform\u2019s crypto priority and the potential of listing more cryptocurrencies. \u201cWe\u2019re a highly regulated company in a highly regulated industry, and we think it\u2019s important that we get a bit more clarity from regulators,\u201d he emphasized. Robinhood Waiting for Regulatory Clarity The chief financial officer (CFO) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-1194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1194"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1194\/revisions"}],"predecessor-version":[{"id":1196,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1194\/revisions\/1196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1195"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}