Robinhood Tests Crypto Wallet, Cryptocurrency Transfer Features Bloomberg News | Invest News


(Reuters) -Robinhood Markets Inc is testing new crypto wallet and cryptocurrency transfer features for its app, which would allow clients to send and receive digital currencies such as bitcoin, Bloomberg News reported on Monday.

A beta of its iPhone app showed the company’s work on these features, according to the report. (https://bloom.bg/39lepB5)

There was also a hidden image showing a waitlist page for users signing up for a crypto wallet feature, the report added.

A Robinhood spokesperson declined to comment.

The company’s retail shareholders have long been waiting for a crypto wallet. A day before the brokerage announced its first quarterly results last month, the main question https://www.reuters.com/technology/robinhoods-shareholders-are-crypto-wallets-coming-do-we- get-hoodies-2021-08-17 on Say, a platform that allows companies to collect questions from retail investors, was whether the brokerage was getting such a portfolio.

The operator of the trading app is betting big on retail investor interest in the digital currency space. Earlier this month, the company said https://www.reuters.com/technology/robinhood-roll-out-crypto-recurring-investments-blog-2021-09-08 that it would roll out recurring crypto investments , allowing users to purchase digital coins commission-free and with as little as $ 1 on a schedule of their choice.

(Reporting by Niket Nishant in Bangalore; Editing by Krishna Chandra Eluri)

Copyright 2021 Thomson Reuters.


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