• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home UK

Robinhood Launches Crypto Wallet In Beta

CB4U by CB4U
January 21, 2022
in UK
0
Robinhood Launches Crypto Wallet In Beta
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Financial services firm Robinhood Markets Inc. (NASDAQ: HOOD) has announced the launch of its crypto wallets, with a beta release slated for up to 1,000 selected customers.

Robinhood stated that the beta release was done to lay out plans for a broader rollout within the year, with an expanded number of selected users slated for release by March. According to Robinhood CEO Vlad Tenev, demand for the crypto wallet has seen a significant rise. The users for the current phase were selected out of almost 1.6 million applications on a waitlist for the crypto wallet.

The new functionality will allow users to send and receive crypto from Robinhood through a verified external wallet, which will then be subjected through Robinhood’s testing and safety checks. Speculation as to whether Robinhood will list popular meme tokens such as Shiba Inu has spread in the crypto market, given Robinhood’s previous listing of Dogecoin.

“Beta testers will help us test core functionality and provide critical feedback to inform the final version of the product.” Robinhood stated in a blog post.

Robinhood will collate statistics gathered from the Beta program’s duration, with data flows set for finalization as the program closes. Robinhood says that it will also work to improve the crypto wallet’s transaction history interface with features such as QR scanning functionalities, as well as a block explorer for on-chain transactions in the development pipeline. Robinhood says that the new crypto wallet functionalities have been built with “world-class security integrations” for monitoring and investment safety.

“Connecting millions of Robinhood customers to the blockchain ecosystem in a safe, accessible setting is a massive undertaking. We take this responsibility seriously, which is why we’re rolling out wallets methodically, consistent with our “Safety First” value.” Robinhood claimed.

According to Robinhood, beta testers for the program will be given a daily limit of $2,999 for total withdrawals within 10 transactions. Users are required to enable two-factor authentication to qualify for withdrawals.

While Robinhood has seen some success in Q2 2021 posting a record $233 million in crypto revenue, its momentum with commission-free retail investments fell to just over $51 million in the following quarter. Part of this downward turn for Robinhood was the amount of regulatory pressure that it has been subjected to over the past year.

Robinhood’s fourth-quarter earnings will be announced on January 27. Robinhood went public on July 28, 2021 at an IPO price of $38 per share, closing down by 8% on its first trading day.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

Advertisement Banner
Previous Post

South Korea explores Metaverse plans, aims to become the 5th biggest metaverse market by 2026

Next Post

2021 in Review: How 2021 Proved Out as an Emotional Rollercoaster Year for Crypto Investors

CB4U

CB4U

Next Post
2021 in Review: How 2021 Proved Out as an Emotional Rollercoaster Year for Crypto Investors

2021 in Review: How 2021 Proved Out as an Emotional Rollercoaster Year for Crypto Investors

Discussion about this post

RECOMMENDED

Brett Harrison steps down as the president of FTX US

Brett Harrison steps down as the president of FTX US

4 months ago
Bitcoin’s Positive Correlation With The Stock Market Index Records A Mild Increase

SEC Charges 11 In Huge Crypto Pyramid Scheme Worth $300 Million

6 months ago

DON'T MISS

What is decentralized storage, and how does it work?

What is decentralized storage, and how does it work?

February 9, 2023
U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection

U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection

February 9, 2023
US SEC Running Without Congress Authorization?

Crypto Market Crackdown In The US

February 9, 2023
Microsoft to Integrate ChatGPT into Bing…Google Responds with Bard

Microsoft to Integrate ChatGPT into Bing…Google Responds with Bard

February 9, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

What is decentralized storage, and how does it work?

What is decentralized storage, and how does it work?

February 9, 2023
U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection

U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection

February 9, 2023
US SEC Running Without Congress Authorization?

Crypto Market Crackdown In The US

February 9, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
en English
en Englishja Japaneseko Koreantl Filipinovi Vietnamesehi Hindibn Bengalita Tamilzu Zulusw Swahilide Germanfr Frenches Spanishpt Portugueseru Russian