Robinhood has announced that the beta testing of the update, which will offer a cryptocurrency service, will begin in the coming weeks.
Robinhood recently announced its web3 crypto wallet. The number of customers on the Web3 crypto wallet waiting list has exceeded 1 million. Robinhood CEO Vladimir Tenev has announced that the company’s upcoming Web3 cryptocurrency wallet now has a waiting list of over 1 million people.
According to the Bulgarian American entrepreneur, the wallet will enter the beta testing phase next week. Beta testing of the update, which will provide access to cryptocurrencies without commission fees, will begin in the coming weeks.
Robinhood Web3 Wallet
Robinhood is specially designed for traders in the decentralized finance ecosystem. The firm announced the Web3 crypto wallet in May. The company has announced that its customers can beat the waiting list by sending more customers an invitation to join it.
In early April, Robinhood announced that its wallet is now available for all eligible users on its waiting list. The new features allow users to withdraw cryptocurrencies from their brokerage accounts.
The original crypto wallet has a number of limitations. These do not support NFTs and all cryptocurrencies not yet listed by the company. The company warns that tokens sent to Robinhood will likely be lost forever.