The decentralized finance (DeFi) ecosystem has grown enormously throughout the past few years. Being still in its early days, DeFi has still a lot of room to grow. Because the goal of DeFi is to decentralize the global financial system as a whole, it is criticized quite a lot by the current financial institutions and people in power.
On the contrary, there are numerous projects who continuously work to help build up the DeFi ecosystem. One of these projects is a DeFi token known as SafeMoon. The team of SafeMoon claims that their token is completely community-driven and is helping to improve the ecosystem as a whole. With those things to consider, SafeMoon should be considered a credible investment.
But why isn’t SafeMoon listed on investing platforms like Robinhood? Will this token be considered for listing in the future?
Why Isn’t SafeMoon Listed on Robinhood?
Robinhood, one of the biggest platforms to trade stocks and invest in the United States, has listed numerous cryptocurrencies and tokens recently. Nevertheless, SafeMoon is not among them. At the moment, Robinhood has listed Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Ethereum Classic, Bitcoin SV, and Litecoin. But why is it so?
SafeMoon has been criticized a lot for its sketchy, untransparent team. In the beginning, this token was called a scam and a rug pull. Albeit SafeMoon came up with serious projects and proved all of these people wrong, these labels stuck around.
Being as serious as it is, Robinhood might hesitate to list a token that has been called a scam thousands of times.
Conclusion: Will SafeMoon Get Listed on Robinhood?
Robinhood has more than 18 million active users as of 2021. Moreover, the average Robinhood account has $3,500 of assets. This means that most Robinhood users are average citizens. Considering these two factors, Robinhood is a great platform for SafeMoon.
Despite the huge exposure that SafeMoon would have if listed in Robinhood, it would have many other benefits as well.
We mentioned numerous times that SafeMoon is likely to have a bright future. With numerous upcoming products, SafeMoon does not seem to be stopping soon. Therefore, as SafeMoon becomes more and more credible, its chances to get listed in Robinhood increase.
Also Read: SafeMoon Price Prediction 2021 and Beyond – Is SAFEMOON a Good Investment?
Takeaway
- Decentralized finance (DeFi) is continuously growing and SafeMoon aims to help it build up.
- SafeMoon has been called a scam coin thousands of times.
- Although SafeMoon has proved its credibility, the nickname “scam coin” has stuck around.
- Robinhood is an investment platform that has listed many crypto projects recently.
- Considering all the factors presented, SafeMoon might get listed on Robinhood sometime in the future.