Robinhood to Introduce Crypto Wallets
Robinhood Markets Inc said on Wednesday it will begin testing digital wallets for cryptocurrency from the next month and plans a broader rollout in early 2022, allowing users to move supported digital currencies in and out of their brokerage accounts
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Published - Sep 22, 2021, 05:55 PM ET
Last Updated - Jun 05, 2024, 02:17 AM EDT
By Arghyadeep Dutta, 12:15 pm ET:
Robinhood Markets Inc said on Wednesday it will begin testing digital wallets for cryptocurrency from the next month and plans a broader rollout in early 2022, allowing users to move supported digital currencies in and out of their brokerage accounts.
The retail brokerage currently allows trading and holding of seven cryptocurrencies in its platform, including Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin.
Since the inception of the COVID-19 pandemic, Robinhood users benefited from a boom in retail trading and was long asking for crypto wallets, which would allow them to take part in blockchain-based ecosystems, like buying non-fungible tokens (NFTs) on the Ethereum network.
