Overall, the trading platform made a net loss of $423 million in Q4, and believes revenue growth in the first quarter of 2022 will be disappointing to say the least.
Robinhood's CEO has suggested that the exchange has no plans to list SHIBA INU any time soon.
On an earnings call with investors after releasing financial results for the fourth quarter of 2021, Vlad Tenev has asked whether the trading platform plans to add further cryptocurrencies — with SHIB singled out specifically. In response, he said:
"So we've been hearing from customers loudly. We know they want more cryptocurrencies on the platform, and we've actually been proactively engaging with regulators. So the main concern with adding a large number of coins is that platforms that are adding lots of them could be adding unregistered securities. So they're watching the space closely. We're being deliberate. We want to avoid triggering SEC registration requirements for cryptocurrencies."
"We have robust protocols in place. We feel very confident about the coins that we have on the platform, and we intend to add more coins going forward that we want to do it prudently."
Announcing the results, the company added:
"Robinhood has set aggressive goals to start opening its crypto platform up to customers internationally in 2022. The company believes in the immense potential of the crypto economy and sees a big opportunity in serving customers across the globe."