Robinhood will allow crypto deposit & withdrawal feature soon
Robinhood platform is planning for the crypto Wallet. Exchange will allow withdrawal and deposit of crypto directly.
As we know that Robinhood is a growing crypto platform in the US. In 2018, Robinhood started Ethereum and Bitcoin trading features on their platform but after the launching of DogeCoin at their platform, they made huge revenue, and after that Robinhood firm started to boost their crypto features services rapidly.
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According to a Bloomberg report, They saw some screenshots of the Robinhood crypto wallet, which includes the interface of the crypto withdrawal option. And also they claimed that there is a “code referring to cryptocurrency transfers’ ‘ feature in the wallet.
Report of Bloomberg clearly did not tell about the details but the details they shared confirmed the crypto wallet of Robinhood and probably that will remain in the integrated form of the Robinhood existing platform. Report also said that in the screenshot they saw an option to sign-up for the use of digital assets services.
Hopefully this feature of the Robinhood platform will be able to create a better competition against Coinbase exchange. Because right now all the crypto users of Robinhood platform, are only able to deposit dollars and then buy, Sell & hold in the same wallet. But now probably it will change into something new and users will be able to move the fund from/to other exchanges easily.
In the mid of August, CEO of Robinhood talked about this feature but didn’t revealed much about it. Vlad Tenev added
“I know there’s been a ton of enthusiasm from the crypto community and the Dogecoin community in particular in getting access to wallets”
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