2 Millions on the Wait List of Robinhood’s Newly Launched Crypto Wallet


Robinhood, the financial services company with a popular trading app, recently launched cryptocurrency wallets. In an interview with Emily Chang of Bloomberg Technology, the company’s CPO, Aparna Chennapragada, noted that many customers are enthusiastic about delving into the new product.

More Crypto Features in Robinhood App

CryptoPotato reported recently the company’s plans to launch a cryptocurrency wallet as the number of users engaging with such assets on Robinhood kept increasing rather rapidly. During a January interview with Bloomberg, the firm’s CPO confirmed the official release of the new product.

Apart from highlighting the digital asset wallets available for investors on the Robinhood app, additional features added by the company are crypto gifting and company Q&A. The latter gives the user of the Robinhood app access to the company’s roadmaps and insider knowledge of the direction of the business.

On the drive towards becoming a prominent player in the crypto sphere, Chennapragada said, “You’ll see us continuing to play in this space.”

She added that the company is actually making sure that the quality of its products meets the aspirations of the consumers through continuous collaboration with the community and their own customers.

On Shiba Inu Listing

On whether Robinhood has plans to list Shiba Inu, the celebrated meme coin, Chennapragada said she was aware that it is among the expectations of many in the Robinhood community.

However, she made it clear that token listings would be addressed at the appropriate time. This is because the company has been systematically putting the necessary “building blocks” in place to ensure that it gives its customers the best experience in their quest to get the benefits from crypto assets.

She further stated that the objective at this time concerning digital assets is to make the best among them accessible to users and ensure that this is done in the most inexpensive manner.

“We are systematically putting our building blocks in place to be able to enable great crypto products. It started with actually …like enabling access to coins in the most inexpensive way that you can be able to get into this emerging economy.”

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