Cryptocurrency News & Updates

Trading Platform Robinhood Announces Upcoming Launch of Cryptocurrency Wallets


Buying and selling platform Robinhood has introduced the beta launch of its cryptocurrency wallets, which is about for mid-January. The corporate mentioned 1.6 million individuals have signed up for the crypto wallets.

Robinhood’s Crypto Wallets to Launch in Beta This Month

Robinhood introduced this week the upcoming beta launch of its extremely anticipated cryptocurrency wallets. The corporate unveiled its crypto pockets venture in September to permit prospects to commerce, ship, and obtain cryptocurrencies utilizing the Robinhood app.

Noting that 1.6 million individuals have signed up for its crypto wallets to this point, the announcement particulars:

In mid-January, we are going to launch the wallets beta section, which can roll out to hundreds of shoppers from the waitlist.

Robinhood additionally revealed that through the pockets’s alpha launch, which just lately wrapped up, “a tight-knit group” of shoppers from the waitlist examined the corporate’s first crypto pockets iteration “and shared detailed design and performance suggestions.”

For instance, the alpha testers “requested signposting and explanations of phrases like ‘community charges’ and ‘transaction ID.’” In response, the corporate mentioned that it’s going to present extra crypto articles and provide 24/7 cellphone help.

Robinhood added:

We can be rolling out some extra safety features for crypto transactions. These embody multi-factor authentication in-app, so we all know it’s you once you provoke a switch, and transaction checks to higher perceive the chance of the place cash are being despatched.

“Whereas some say 2021 is the 12 months that crypto went mainstream, the reality is that most individuals are nonetheless familiarizing themselves with the asset class and the way to navigate the blockchain,” the buying and selling platform famous.

In December, Robinhood partnered with Chainalysis to leverage the blockchain information analytics agency’s “information and instruments to satisfy compliance necessities and supply Robinhood prospects with the boldness they should commerce cryptocurrency safely,” Chainalysis described.


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