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Robinhood Crypto Wallets Rolled Out to Over 2 Million Customers


Robinhood Crypto Wallets Rolled Out to Over 2 Million Customers

Trading platform Robinhood has rolled out its new crypto wallets to more than two million customers. In addition, Robinhood CEO Vlad Tenev announced that the platform will integrate with the Lightning Network “to bring even lower costs to our customers.”

More Than 2 Million Users Can Now Use Robinhood Crypto Wallets

Popular trading platform Robinhood made an announcement Thursday about its new crypto wallets at the Bitcoin conference in Miami, Florida. Robinhood Chief Product Officer Aparna Chennapragada shared:

We’ve rolled out crypto wallets to every eligible person on the Wenwallets waitlist of more than two million people.

“Now, all eligible customers who signed up for the waitlist will be able to send and receive any of the cryptocurrencies currently available on Robinhood,” the executive added. The company began rolling out its crypto wallets to selected customers in January.

However, “Due to local regulations, crypto wallets aren’t yet available in Hawaii, Nevada, or New York, and we’ll inform those customers when this changes,” Chennapragada said.

Vlad Tenev, CEO and co-founder of Robinhood, also announced:

Our goal is to make Robinhood the most trusted and easiest to use crypto platform. We’re excited to bring even lower costs to our customers by integrating with the Lightning network.

The trading platform currently supports buying, selling, and real-time market data for bitcoin (BTC), bitcoin cash (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classic (ETC), and litecoin (LTC). Shiba inu crypto supporters have been petitioning for Robinhood to list SHIB but the platform repeatedly said that it is in no hurry to add more coins.

Robinhood’s announcement further notes:

Unlike some other crypto platforms, there is no fee to withdraw crypto from Robinhood.

What do you think about Robinhood launching crypto wallets? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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