Powered by

Artificial Intelligence

Robinhood Crypto Wallet Waitlist Attracts 1.6M People

US on-line buying and selling platform Robinhood claims it has some 1.6m individuals registered on the waitlist for the corporate’s crypto pockets. 

This quantity marks a rise from the 1m individuals who had been ready for the performance a number of weeks in the past, in keeping with Christine Brown, Chief Working Officer of Robinhood Crypto.

The much-awaited pockets is scheduled to be launched late within the first quarter of 2022, Brown mentioned yesterday at a crypto investing trade convention by Decrypt and Yahoo! Finance, as reported by Reuters.

In late October 2021, Vlad Tenev, CEO of Robinhood, mentioned the transfer was associated to the quickly rising significance of cryptocurrencies for its platform.

“We’re very happy with our cryptocurrency platform and giving folks extra utility with the cash they’ve,” Tenev said at CNBC’s Disruptor 50 summit. 

Per the CEO, many individuals “have been asking for the flexibility to ship and obtain cryptocurrencies, switch them to {hardware} wallets, switch them onto the platform to consolidate and the crypo wallets waitlist is nicely over 1,000,000 folks now.” 

Tenev additionally mentioned that cryptocurrencies are “actually right here to remain” as an asset class, whereas its world nature and the benefit of use have made it “enticing to a lot of folks.”

Amid an intensifying competitors for crypto customers amongst fintechs, final September, Robinhood introduced it was rolling out crypto recurring investments. The corporate mentioned the platform’s customers could be enabled to purchase cryptoassets regularly, commission-free and beginning at USD 1 on a each day, weekly, biweekly, or month-to-month schedule.

This US enterprise was not the primary platform to offer such a function to customers, preceded by rivals such because the UK-based Revolut who additionally gives the recurring purchase performance to its clients.

____


– Customers to Start Testing Robinhood Crypto Wallets Subsequent Month
– Robinhood’s Crypto Pockets Plans Could Spur Related Strikes By Opponents

– Robinhood Launches Crypto DCA Characteristic As Competitors Intensifies

– This Is Why Robinhood Would not Enable You to Withdraw Bitcoin, DOGE & Co.
– Robinhood Will get USD 70M Penalty Due To ‘Vital Hurt’

Tags

Share this post:

Leave a Reply

Category

To stay on top of the ever-changing world of cryptocurrency, subscribe now to our newsletters.

Subscribe To Our Weekly Newsletter

Get notified for our latest news
We’ll never spam your inbox

At Upshot Firm, we can help your business automate using latest technologies, like New Website Development, Applications (Apps) Creation, Blockchain Integration, Artificial Intelligence (AI) process managment. We also have experience in Smart Marketing and have access to influencer.