Robinhood has begun rolling out the beta version of its crypto wallets to about 1,000 customers. Users can now send and receive their cryptocurrencies from Robinhood to external crypto wallets.
Robinhood, a popular trading platform, said on Thursday that its “crypto wallets beta program” had begun. The following are the specifics of the announcement:
Starting today, we’ll begin rolling out crypto wallets to 1,000 customers from the top of the wallets waitlist (subject to owning an external wallet for testing and some safety checks).
“By March,” the release continues, “we will expand the initiative to 10,000 clients before rolling it out to the remainder of the Wenwallets waitlist.“
Customers can send and receive cryptocurrencies through Robinhood to external crypto wallets during the beta testing phase, according to the business. For beta testers, there is a daily limit of $2,999 in total withdrawals and 10 transactions.
Over the course of the beta, Robinhood plans to “finalize the send and receive flows, offer enjoyable QR scanning experiences, improve the transaction history interface, and add block explorer capabilities to provide deeper insights into their on-chain activities,” according to the company.
In addition, the firm stated:
We will also add the ability for customers to calculate the dollar amount of crypto to send/receive in terms of dollar amounts.
Robinhood announced earlier this month that 1.6 million individuals have registered for its crypto wallets.
Cryptocurrencies listed on Robinhood
The trading platform presently supports bitcoin (BTC), bitcoin cash (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classic (ETC), and litecoin (LTC) buying, selling, and real-time market data (LTC).
Shiba Inu crypto supporters have petitioned Robinhood to list SHIB on Change.org. “We’re a highly regulated firm in a highly regulated industry, and we believe it’s crucial that we obtain a bit more clarity from regulators,” the company stated.
