Cryptocurrency: Robinhood tests crypto wallet, cryptocurrency transfer functions

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Robinhood Markets Inc is testing new crypto wallet and cryptocurrency transfer features for its app that would allow customers to send and receive digital currencies like Bitcoin, Bloomberg News reported on Monday.

A beta version of its iPhone app showed the company’s work on such features, the report said.

There was also a hidden picture of a waiting list page for users signing up for a crypto wallet feature, the report added.

A Robinhood spokesman declined to comment.

The company’s private shareholders have long been waiting for a crypto wallet. A day before the brokerage firm announced its first quarter results last month, the top question on Say, a platform that enables businesses to gather questions from retail investors, was whether the brokerage firm would receive such a wallet.

The trading app operator has relied heavily on the interest of private investors in the digital currency area. Earlier this month, the company announced it would introduce recurring crypto investments so users can buy digital coins commission-free and for as little as $ 1 on a schedule of their choice.

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