Robinhood testing crypto wallet, cryptocurrency transfer features- Bloomberg News

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The brand 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 is testing new crypto pockets and cryptocurrency switch options for its app which might enable clients to ship and obtain digital currencies resembling bitcoin, Bloomberg Information reported on Monday.

A beta model of its iPhone app confirmed the corporate’s work on such options, the report mentioned. ()

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, on Say, a platform that lets firms 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, it will roll out crypto recurring investments, permitting customers to purchase digital cash commission-free and with as little as $1 on a schedule of their selection.

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


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