Robinhood Users Will Be able to Exclude Cryptocurrencies from the App

Crypto money investors, who have only been able to buy and sell using the Robinhood application until now, will also be able to start transferring the crypto money they receive to other addresses.

According to a statement made by online trading platform Robinhood on Wednesday, the company’s development cryptocurrency walletwill begin testing from next month.

Robinhood users can currently trade bitcoin (BTC), bitcoin cash (BCH), bitcoin SV (BSV), dogecoin (DOGE), ether (ETH), ether classic (ETC), and litecoin (LTC).

Using the newly developed wallet, these investors will be able to store these cryptocurrencies and transfer them to different addresses than in the application.

in the wallet authentication, multi-factor authentication, email and phone verification features such as.

While it was announced that only users who signed up for the waiting list will be able to participate in the test studies that will start next month, the wallet early 2022 As of now, it is aimed to be opened to all users.

According to the financial report released for the second quarter of 2021, Robinhood has been responsible for the transactions made by cryptocurrency users throughout the quarter. 451 million dollars earned income.

The company, which started to provide trading services to crypto money users in 2018, in the first quarter of this year. 9.5 million customers announced that he was trading cryptocurrencies.

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