Users of the famous stock and digital currency trading app Robinhood are currently unable to transfer their cryptocurrency off the platform.
A public shareholders poll indicated that retail shareholders of the crypto-friendly trading app Robinhood want a crypto wallet as well as a branded hat and hoodie.
Say, a public question crowdsourcing platform, was Robinhood’s first purchase after going public, allowing retail shareholders to ask and upvote questions in a Reddit-style interface. “On the earnings call, management will address a selection of the most upvoted questions relating to Robinhood’s business and financial results,” Say explained.
The most frequently asked question by retail shareholders to Robinhood management as of Wednesday was about the inclusion of a crypto wallet within the trading app. “Is Robinhood getting a crypto wallet?” was shared over 141,500 times and garnered over 1,600 votes.
Robinhood presently offers a variety of prominent cryptocurrencies for trading on its platform, including Bitcoin (BTC), Dogecoin (DOGE), Ether (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), and Bitcoin SV (BSV).
Users can purchase, sell, and hold listed cryptocurrencies within the app, however they cannot access the coins to move them to other wallets due to the lack of a crypto wallet feature. The company declared ambitions to provide crypto deposits and withdrawals well in advance of its initial public offering, but the feature has yet to be implemented.
Questions concerning Robinhood’s international expansion strategy and joint accounts ranked second and third on the platform, respectively. Surprisingly, with over 100,000 shares and 915 upvotes, the query “As an initial investor, can we get a Robinhood hat and hoody jacket?” was the fourth-most popular.
Following a shaky public debut on the Nasdaq stock exchange, Robinhood paid $140-million in cash for Say Technologies in order to strengthen the company’s relationship with its retail shareholders. The trading app is also developing a function to shield investors against cryptocurrency volatility.
