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Trading platform Robinhood has started rolling out a crypto wallet to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out additional waitlists.
Robinhood lets 1,000 customers test its crypto wallet
Popular trading platform Robinhood announced Thursday that its “crypto wallet beta program” is now live. Announcement details:
Starting today, we will begin rolling out crypto wallets to the top 1,000 customers on the wallet waitlist (provided they have an external wallet for testing and some security checks).
“By March, we will expand the program to 10,000 customers before rolling out to the rest of the Wenwallets waitlist,” the announcement added.
The company explained that during the beta testing phase, its customers can send and receive their cryptocurrencies from Robinhood to external crypto wallets. The total daily withdrawal limit and 10 transaction limit for beta testers is $2,999.
Robinhood also revealed that during the beta program, it “will complete the send and receive process, add a delightful QR scanning experience, improve the transaction history interface, and add block explorer support to provide more insight into its on-chain transactions. Insights.”
Additionally, the company noted:
We will also add the ability for customers to calculate the amount of cryptocurrency to send/receive in USD amounts.
Earlier this month, Robinhood said 1.6 million people have register Crypto wallet so far.
The trading platform currently supports the buying and selling of Bitcoin and real-time market data (bitcoin), Bitcoin Cash (BCH), Bitcoin sv (BSV), Dogecoin (DOGE), Ethereum (Ethereum), Ethereum Classic (etc) and Litecoin (LTC).
Shiba inu cryptocurrency supporters have petition Have Robinhood list SHIB on Change.org.However, the company Say: “We are a highly regulated company in a highly regulated industry and we think it’s important to get more clarity from regulators.”
What do you think of Robinhood’s launch of a crypto wallet? Let us know in the comments section below.
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