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Robinhood Testing Crypto-Wallet Feature in App: Report
New features may also enable cryptocurrency transfers
By Josh Fineman
Updated May 11, 2023, 5:45 p.m. Published Sep 23, 2021, 3:56 p.m. 1 min read
Robinhood, the online brokerage app, is testing a crypto wallet and transfers for cryptocurrency for its app, Bloomberg reported, citing a beta version of Robinhood’s iPhone app.
- The software is said to include a hidden image that shows a waitlist page for subscribers signing up for the crypto wallet feature, according to the report.
- A Robinhood spokeswoman declined to comment to Bloomberg and to CoinDesk.
- The potential crypto wallet was discovered by software developer Steve Moser, who also discovered the code in Twitter’s beta about accepting bitcoin for its “Tip Jar” feature.
- Robinhood announced in February it would enable withdrawals and deposits of cryptocurrencies, including dogecoin.
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Crypto has solved tokenization, but not distribution and Prometheum says broker-dealers and RIAs are the key to bringing digital assets into mainstream finance.
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- Prometheum launched new infrastructure allowing broker-dealers and RIAs to offer tokenized securities and crypto assets through traditional brokerage accounts.
- Aaron Kaplan, co-founder and co-CEO of Prometheum says tokenization has advanced faster than distribution, leaving blockchain-based securities without mainstream investor access.
- The company is betting regulated Wall Street firms will drive...
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