Robinhood confirms crypto wallet feature

rypto companies from the United States filed two registration statements with the Securities and Exchange Commission, seeking permission to sell exchange-traded funds (ETF) in relation to Bitcoin (BTC) and decentralized finance (DeFi).

According to a Wednesday blog post, Robinhood plans to start testing a digital wallet feature on its app that enables users to send and receive cryptocurrencies in October. The move may encourage more Robinhood users to use the app for crypto trading, as it currently only allows them to buy crypto with United States dollars and trade on the platform — users can’t deposit or withdraw in crypto.

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