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January 22, 2022
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Trading Platform Robinhood Announces Upcoming Launch of Cryptocurrency Wallets – Wallets Bitcoin News

Trading platform Robinhood has introduced the beta launch of its cryptocurrency wallets, which is about for mid-January. The firm mentioned 1.6 million individuals have signed up for the crypto wallets.

Robinhood’s Crypto Wallets to Launch in Beta This Month

Robinhood introduced this week the upcoming beta launch of its extremely anticipated cryptocurrency wallets. The firm unveiled its crypto pockets undertaking in September to permit clients to commerce, ship, and obtain cryptocurrencies utilizing the Robinhood app.

Noting that 1.6 million individuals have signed up for its crypto wallets to date, the announcement particulars:

In mid-January, we are going to launch the wallets beta section, which is able to roll out to 1000’s of clients from the waitlist.

Robinhood additionally revealed that through the pockets’s alpha launch, which lately wrapped up, “a tight-knit group” of clients from the waitlist examined the corporate’s first crypto pockets iteration “and shared detailed design and functionality feedback.”

For instance, the alpha testers “requested signposting and explanations of terms like ‘network fees’ and ‘transaction ID.’” In response, the corporate mentioned that it’ll present extra crypto articles and supply 24/7 telephone assist.

Robinhood added:

We might be rolling out some extra safety features for crypto transactions. These embrace multi-factor authentication in-app, so we all know it’s you whenever you provoke a switch, and transaction checks to higher perceive the danger of the place coins are being despatched.

“While some say 2021 is the year that crypto went mainstream, the truth is that most people are still familiarizing themselves with the asset class and how to navigate the blockchain,” the buying and selling platform famous.

In December, Robinhood partnered with Chainalysis to leverage the blockchain knowledge analytics agency’s “data and tools to meet compliance requirements and provide Robinhood customers with the confidence they need to trade cryptocurrency safely,” Chainalysis described.

Tags on this story
alpha launch, beta launch, crypto pockets launch, Robinhood, robinhood crypto app, robinhood crypto wallets, robinhood on-line brokerage, robinhood buying and selling app, robinhood pockets, robinhood pockets app, robinhood wallets, buying and selling app, pockets app

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Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

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