Bloomberg: Robinhood tests cryptocurrency wallet

Online broker Robinhood is testing a cryptocurrency wallet feature that allows sending Bitcoin and other digital assets. Bloomberg reports, citing the code from the company’s iOS beta app.

BREAKING: Robinhood is testing new crypto wallet and cryptocurrency transfer features for its app https://t.co/V7s9HAyjZ4 pic.twitter.com/SAUInZIGIx

— Bloomberg (@business) September 20, 2021

According to the publication, the software includes a hidden waitlist page for users. The app also contains code related to asset transfers.

Programmer Steve Moser discovered that Robinhood clients would be able to set up two-factor authentication for the wallet.

At present, users can only trade cryptocurrencies and sell them for fiat currency.

In March 2021, Robinhood co-founder and CEO Vlad Tenev said that the platform in short order plans to add wallet functionality. In May, COO Christine Brown confirmed the imminent availability of the ability to withdraw digital assets.

Earlier, Bloomberg discovered in the iOS app code a test solution to shield users from cryptocurrency volatility. The platform launched the feature in mid-September.

In the second quarter crypto trading accounted for 41% of Robinhood’s revenue.

On July 29, the online broker went public. In the run-up to this event, Tenevcalled digital assets the cornerstone of the company’s future development and confirmed the need for a crypto wallet.

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