Robinhood Ready to Roll Out Beta Phase of Its Wallet in January 2022

Leading crypto and stock trading app Robinhood is all set to roll out its very own cryptocurrency wallet to users starting next month.

Active crypto wallets surged after the Super Bowl ad

Leading crypto and stock trading app Robinhood is all set to roll out its very own cryptocurrency wallet to users starting next month. The beta version of the wallet will allow tens of thousands of the app’s users to start withdrawing their crypto holdings from its platform.

In a latest blog update posted by Robinhood during the previous session, the company confirmed the end of the alpha phase of its wallet’s development. The alpha phase saw the firm test out the wallet on a small group of customers who had signed up for availing the service and taking feedback based on their experience on its design and functionality.

The beta phase of the project will begin by mid of January 2022, offering this service to more customers. Although, Robinhood has not shared any information yet on how long the beta phase will last and when the full rollout of its wallet will occur.

Since announcing the wallet feature, Robinhood received interest from 30 million of its users for this service in less than 30 days. So far, 1.6 million users have joined the waitlist for the crypto wallet.

Robinhood’s crypto wallet will offer a high level of security with multi-factor authentication and transaction checks to ensure a convenient and safe experience to its users. The app will also endeavor to bring in more transparency regarding transaction fees for each network at the time of transfer.

ABOUT THE AUTHOR See More
Aiswarya Gopan
Financial Writer & Editor - Asia & Europe Desk
Aiswarya Gopan is a former cybersecurity analyst, tech journalist and market researcher, who joins FX Leaders with over three years of experience in the blockchain industry. Aiswarya's areas of focus include market news out of the Asian and European markets as well as news coverage on cryptocurrencies.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers