In short: Robinhood successfully pre-launches its crypto wallet
The FinTech behind an online brokerage app, Robinhood decided to consolidate its position in the crypto-currency market by announcing the launch of its own dedicated wallet in late September. Since then, the waiting list has been growing for this future service.
The first customers of Robinhood's new crypto-wallet should soon be able to take advantage of this new service. The fintech is indeed planning its imminent launch.
Robinhood has so far allowed its customers to exchange crypto-currencies in 7 different digital currencies including Bitcoin, Ethereum or Litecoin. With their new Robinhood wallet, they will now also be able to store and withdraw and trade with other wallet users their available crypto assets.
Robinhood had opened a waiting list to register future users of its wallet when it announced its launch in late September. And that list already represents a first admission of success for the FinTech. In just one month, it has registered more than one million pre-registered customers.
Taking advantage of a booming market
Robinhood launched its crypto asset trading service three years ago. More than half of its revenue last quarter came from this activity.