Robinhood to launch its own crypto wallet

The beta version will be available to users as early as mid-January

30.12.2021 - 10:15

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What's new? The Robinhood platform has announced on Twitter an approximate launch date for the beta testing of its own crypto wallet. More than 1,6 million users who have left an application will have access to the new wallet in mid-January.

Robinhood announced that it will launch a beta version of the on-chain crypto wallet in mid-January next year. https://t.co/7POUgXYynV— Wu Blockchain (@WuBlockchain) December 29, 2021

How will the new wallet work? Robinhood will add support for most cryptocurrencies. A separate address will be created for each coin, but they will be in the same application. Robinhood will also add additional security features, including multi-factor authentication. In addition to the wallet's usual features, the users have asked for new educational articles about cryptocurrency to be added.

Will the wallet support SHIB? The Shiba Inu community wants Robinhood to add its coin to the list of tradable assets. The users have collected over 500 000 signatures on Change.org in support of SHIB. While Robinhood is testing Dogecoin, perhaps the platform will add Shiba Inu after it.

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