Robinhood Starts To Allow Bitcoin Withdrawals
The trading app has kickstarted the beta phase of its bitcoin wallet feature, enabling a subset of users to self-custody their coins.Some users can now withdraw their bitcoin from Robinhood.The feature is rolling out in phases to those on the waitlist.Robinhood said it expects to roll out the feature to 10,000 customers by March.Robinhood has started rolling out its long-awaited bitcoin withdrawal feature. The company said in a Thursday statement that some users in the WenWallets waitlist have begun taking part in the functionality as beta testers, trying out the new cryptocurrency....
Related News
After four years of allowing users to trade cryptocurrencies, Robinhood is launching its wallet and will begin to enable bitcoin withdrawals.
Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts.
Robinhood’s reputation has taken a battering lately, but it hopes to regain credibility among the crypto community by introducing cryptocurrency transfers. The controversy-laden trading platform Robinhood announced on Wednesday that it intends to implement cryptocurrency deposits and withdrawals. While customers have been able to buy and sell cryptocurrency via the platform for some time, they are unable to access the coins themselves to transfer them to other wallets. According to a series of tweets published from the company’s Twitter account, work on integration of cryptocurrency....
Robinhood Markets Inc., the American financial services company headquartered in Menlo Park, California, has seen its initial public offering (IPO) delayed by the U.S. Securities and Exchange Commission (SEC). According to a report citing “people familiar with the matter” the SEC is questioning Robinhood’s cryptocurrency business. SEC Questions Robinhood’s Crypto Dealings, IPO Delayed Robinhood was supposed to be having an initial public offering this month but according to a report from Bloomberg, the listing has been slowed by the SEC. The report cites a few....
Robinhood is testing Bitcoin and crypto withdrawals, as well as a new digital hot wallet.