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Seeking Alpha 2022-01-21 12:15:26

Robinhood launches crypto wallet beta with rollout to 10,000 customers

Robinhood Markets (NASDAQ:HOOD) starts rolling out its crypto Wallet beta to 1,000 customers today from the top of its waitlist, and plans to expand the program to 10,000 customers customers by March before expanding it to the rest of the WenWallets waitlist. The Wallets program allows customers to send and receive crypto from Robinhood (HOOD) to external crypto wallets and fully connects Robinhood crypto holders to the greater blockchain ecosystem. The beta testers will help the fintech test core functionality and provide feedback to help form the final version of the product. During the beta phase, Robinhood (HOOD) will finalize the send and receive flows, add QR experiences, improve the transaction history interface, and add block explorer support for insights into their on-chain transactions. Robinhood (HOOD) shares slip 0.8% in premarket trading amid crypto market weakness. Bitcoin (BTC-USD) slides 8.2%, breaking below $40K to $38.6K. Dogecoin (DOGE-USD) drops 8.1% to $0.15. Ether's

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