- Robinhood prepares to launch a pockets for BTC, ETH and DOGE to facilitate cryptocurrency holding for customers.
- Waitlisted customers on Robinhood to get entry to the pockets as early as October 2021.
- The launch of a pockets is step one in rolling out cryptocurrency and NFT providers.
Fee free inventory and crypto buying and selling platform Robinhood has lastly introduced the launch of cryptocurrency wallets.
Robinhood teases the launch of crypto wallets as early as October 2021
For the reason that launch of crypto buying and selling on the fee free alternate Robinhood, the crypto neighborhood has awaited the launch of a cryptocurrency pockets. Earlier immediately, the alternate platform made the launch official by means of a weblog publish.
The publish reads,
We’re excited to share that beginning subsequent month, the primary clients will start testing crypto wallets on Robinhood. We’ll share their expertise and suggestions on our weblog and Twitter often so you possibly can comply with alongside and get an below the hood look into what we’re constructing.
The alternate has invited customers to hitch the waitlist to check the pockets facility. Robinhood’s wallets will enable customers to obtain supported cryptocurrencies, monitor their portfolio and commerce commission-free on its alternate platform.
Just a few weeks in the past the alternate introduced the launch of greenback price averaging and the characteristic is at the moment dwell for customers. Robinhood states that it’s centered on making cryptocurrency simpler and accessible for merchants.
Vlad Tenev, firm chief at Robinhood teased in July 2021, that the corporate has deliberate the launch of a crypto pockets characteristic and wished to supply customers an app-based cryptocurrency pockets characteristic. Customers have been unable to maneuver their cryptocurrency holdings from Robinhood’s alternate platform and as soon as the wallets are launched, that is set to alter.
The alternate took step one by launching cryptocurrency wallets, earlier than leaping in on NFT traits.
The platform teased customers on Twitter, asking the characteristic they wish to see on its commission-free alternate.
What’s one product characteristic you’ll like to see and why wallets?
— Robinhood (@RobinhoodApp) September 20, 2021
The announcement comes at a time when ARK Make investments, a number one American Funding Administration Agency purchased $31 million price of Robinhood shares.