Robinhood tests cryptocurrency transfers and wallets

The new feature will allow users to send and receive app-supported cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin.

Long-awaited cryptocurrency and wallet features may soon appear at Robinhood Market Inc.

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Robinhood is reportedly moving its app to cryptocurrencies and cryptoassets.

The new feature will allow users to send and receive app-supported cryptocurrencies, such as Bitcoin. bitcoin

, Ethereum​

and Dogecoin Governor

.

Apple Inc.’s Robinhood App for iPhone Beta Apple

Displays a waiting list page to subscribe to the company’s cryptocurrency wallet feature. Bloomberg also claims that the app contains code involved in cryptocurrency transfers.

Additionally, Robinhood mentioned the cryptocurrency wallet on Twitter on Monday, asking users: “What product features would you like to see and why would you use a wallet?” Vlad Tenev retweeted the post, along with a photo of John Travolta looking at it GIFs. ​A wallet.

because it matters
Many cryptocurrency fans criticized Robinhood for not offering a wallet, using the phrase “not your keys, not your coins.”

Robinhood had announced that it would launch the wallet earlier this year, but was also cautious in explaining that they wanted to get it right.

The fact that Robinhood has a built-in cryptocurrency wallet will allow users to spend the tokens without converting them to dollars.

​Robinson’s move could also weigh on Coinbase Global Inc.​

, which may benefit from dissatisfaction with existing cryptocurrency policies and limited Robinhood offerings.

price fluctuation​
Shares of HOOD fell 4 percent to $40.70 on Monday, slightly higher in after-hours trading on Bloomberg News.​

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