Home Cryptocurrency News Robinhood testing crypto wallet, cryptocurrency transfer features- Bloomberg News

Robinhood testing crypto wallet, cryptocurrency transfer features- Bloomberg News

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The emblem of Robinhood Markets, Inc. is seen at a pop-up occasion on Wall Avenue after the corporate’s IPO in New York Metropolis, U.S., July 29, 2021. REUTERS/Andrew Kelly/File Photograph

Sept 20 (Reuters) – Robinhood Markets Inc (HOOD.O) is testing new crypto pockets and cryptocurrency switch options for its app which might permit prospects to ship and obtain digital currencies reminiscent of bitcoin, Bloomberg Information reported on Monday.

A beta model of its iPhone app confirmed the corporate’s work on such options, the report stated. (https://bloom.bg/39lepB5)

There was additionally a hidden picture displaying a waitlist web page for customers signing up for a crypto pockets characteristic, the report added.

A spokesperson for Robinhood declined to remark.

The corporate’s retail shareholders have lengthy waited for a crypto pockets. A day earlier than the brokerage introduced its first quarterly outcomes final month, the top question on Say, a platform that lets corporations crowdsource questions from retail traders, was whether or not the brokerage was getting such a pockets.

The buying and selling app operator has guess massive on the retail investor curiosity within the digital forex house. Earlier this month, the company said it could roll out crypto recurring investments, permitting customers to purchase digital cash commission-free and with as little as $1 on a schedule of their alternative.

Reporting by Niket Nishant in Bengaluru; Enhancing by Krishna Chandra Eluri

Our Requirements: The Thomson Reuters Trust Principles.


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