Robinhood Launches Crypto Wallet Beta for Bitcoin, Ethereum, and Dogecoin Exchange

Robinhood announced today that the beta program has launched and expects to grow to 10,000 users by March. According to the blog post, the wallet will allow Robinhood users to send and receive cryptocurrencies from Robinhood to other crypto wallets.

Until now, cryptocurrencies like Bitcoin and Dogecoin through the app were prohibited from buying and selling, and Robinhood held the crypto on behalf of its users and exposed users to exchange rates, but in fact, the people control their finances. expand the decentralized blockchain ecosystem.

The new features allow wallet owners to purchase Ethereum from Robinhood and transfer them to another wallet, allowing them to trade assets on exchanges such as Uniswap or join any number of DeFi apps.

For the first time, Robinhood said the new features will connect all Robinhood crypto keys to a larger blockchain ecosystem.