Robinhood to roll out non-custodial crypto wallets

Wednesday 18 May 2022 11:45 CET | News

Robinhood has announced plans to roll out non-custodial crypto wallets, starting with a waitlist that’s already open.

Robinhood has been actively growing its crypto arm since the end of Q1 in a bid to attract users and boost trading volume. In the last month or so, the exchange has rolled out custodial crypto wallets to its users, listed four new coins including Solana and Shiba Inu, and announced it would integrate with the Bitcoin Lightning Network.

With a custodial wallet, Robinhood holds the private key on behalf of a user, meaning that users can invest in crypto by tracking its price movements, but they cannot directly transact with their crypto funds.

Now with a non-custodial wallet, users will be able to access and manage their own digital assets, including cryptocurrencies and decentralized apps (dApps) including NFTs. The rollout will start at the end of 2022’s summer. The company’s goal is to have the wallet available to all users across the globe by the end of 2022.

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Keywords: product launch, NFT, cryptocurrency exchange, crypto
Categories: DeFi & Crypto & Web3
Companies: Robinhood
Countries: World
This article is part of category

DeFi & Crypto & Web3


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