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No Shiba Inu For Robinhood, CEO Discloses, As Over 1,000,000 People Sign Up For Crypto Wallet

No Shiba Inu For Robinhood, CEO Discloses, As Over 1,000,000 People Sign Up For Crypto Wallet

The CEO of one of the US biggest exchange and trading platforms, Robinhood, has disclosed that the company now has over 1 million people waiting on the release of its native digital wallet.

Vlad Tenev made this disclosure on Thursday to CNBC at its Disruptor 50 summit, where he equally stated that the platform will start off with only 7 different coins on its platform for the sake of users’ safety. 

We are very proud of our cryptocurrency platform and giving people more utility with the coins they have”

Robinhood continues to see an increasing upsurge in cryptocurrency trading on its platform over the past 12 months since it first began plans for the digital currency sector back in 2018.

With the new wallets set to roll out, users can now trade, receive and transfer a selected variety of cryptocurrencies within its platform. Robinhood will have already established wallet providers like Gemini, Binance, and Coinbase to contend with.

Ever since going public about four months ago, the trading platform has observed that three-fifths of its total active accounts had dabbled into crypto trading increasingly over the last six months, with many more new users trying out their first trading activities first with crypto, according to its quarterly reports.

Any Canine-Themed Wallets In Sight?

At the center of the buzz for an equal slice of the digital wallet frenzy is the two biggest canine-themed cryptocurrencies, Dogecoin ($DOGE) and Shiba Inu ($SHIB).

Back in May, users and enthusiasts of Dogecoin petitioned Coinbase for the introduction of a customer Dogecoin wallet to its app. Months after the frenzy of the first famous meme coin had died down, Shiba Inu’s $SHIB community began its own petition garnering over 250,000 signatures on Change.org for a Robinhood listing. The petition reads thus:

Shiba has just been traded on Binance, and its momentum grows by the hour. Half the questions when we log into trading platforms ask “How can I buy Shiba?” Let’s encourage Robinhood to be the first traditional brokerage to get on this train! Thank you.”

Despite over 315% growth gains and less than 45,000 signatures to reach the set mark, Hopes may have been dashed for the fledgling meme coin with Vlad Tenev declaring that Robinhood would only be starting out with a few coins for the safety of its users.

With Robinhood now out of the equation, Shiba petitioners may now turn to eToro and various other requests for Shiba as a payment token which is essentially targeted at top payment giants like Apple and Bitso.

Biconomy (BICO) is launching on Coinbase

Starting today, Biconomy (BICO) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store BICO in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. Biconomy (BICO) is an Ethereum token powering::Listen

Starting today, Biconomy (BICO) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store BICO in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro.

Biconomy (BICO) is an Ethereum token powering Biconomy, a network that aims to seamlessly connect users to any decentralized application across multiple chains for relatively low fees. BICO can be used to pay for network fees and to vote on upgrades.

One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see BICO), as well as a new section of the Coinbase website to answer common questions about crypto.

Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store BICO today.

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Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

All images provided herein are by Coinbase.


Biconomy (BICO) is launching on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

No Shiba Inu For Robinhood, CEO Discloses, As Over 1,000,000 People Sign Up For Crypto Wallet

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