Trading Platform Robinhood Announces Upcoming Launch of Cryptocurrency Wallets

Robinhood announced this week the upcoming beta launch of its highly anticipated cryptocurrency wallets. The company unveiled its crypto wallet project in September to allow customers to trade, send, and receive cryptocurrencies using the Robinhood app.

Noting that 1.6 million people have signed up for its crypto wallets so far, the announcement details:

In mid-January, we will launch the wallets beta phase, which will roll out to thousands of customers from the waitlist.

Robinhood also revealed that during the wallet’s alpha launch, which recently wrapped up, “a tight-knit group” of customers from the waitlist tested the company’s first crypto wallet iteration “and shared detailed design and functionality feedback.”

For example, the alpha testers “requested signposting and explanations of terms like ‘network fees’ and ‘transaction ID.’” In response, the company said that it will provide more crypto articles and offer 24/7 phone support.

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