Trading Platform Robinhood Announces Upcoming Launch of Cryptocurrency Wallets

Trading platform Robinhood has rolled out its new crypto wallets to more than two million customers. In addition, Robinhood CEO Vlad Tenev announced that the platform will integrate with the Lightning Network “to bring even lower costs to our customers.” More Than 2 Million Users Can Now Use Robinhood Crypto Wallets Popular trading platform Robinhood made an announcement Thursday about its new crypto wallets at the Bitcoin conference in Miami, Florida. Robinhood Chief Product Officer Aparna Chennapragada shared: We’ve rolled out crypto wallets to every....

Trading platform Robinhood is launching a cryptocurrency gifts program, allowing users to gift several cryptocurrencies, including bitcoin, dogecoin, ether, bitcoin cash, and litecoin. As with crypto trading, gifts are commission free and users can gift as little as $1 in cryptocurrency. Robinhood’s Crypto Gifts Program Robinhood announced Thursday the upcoming launch of Robinhood Crypto’s “Cryptocurrency Gifts Program.” Users can gift as little as $1 in cryptocurrency, Robinhood’s website details, noting that it can take 3-5 days....

Trading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest of the waitlist. Robinhood Lets 1,000 Customers Test Its Crypto Wallets Popular trading platform Robinhood announced Thursday that its “crypto wallets beta program” is now live. The announcement details: Starting today, we’ll begin rolling out crypto....

An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood Aims for $35 Billion Valuation Robinhood, the fee-free, trade-it-all exchange, is aiming to achieve a valuation as high as $35 billion in its upcoming IPO, according to an amended prospectus filed with the SEC on Monday. The exchange, which is reportedly going public....

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....