Robinhood Enabling On-Chain And Lightning Withdrawals For Bitcoin
After four years of allowing users to trade cryptocurrencies, Robinhood is launching its wallet and will begin to enable bitcoin withdrawals.Robinhood announced the addition of cryptocurrency investments to its platform in January 2018. But, much to the chagrin of Bitcoiners, the app didn’t include the option to withdraw assets from the platform. Robinhood announced an alpha version of its proprietary cryptocurrency wallet in September 2021 and the beta version on January 3, 2022 (otherwise known as “Proof Of Keys Day”). With one million users signing up in less than 30 days to access the....
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At the Bitcoin Miami Conference 2022, brokerage firm Robinhood’s Chief Product Officer Aparna Chennapragada announced support for the second-layer payment solution Lightning Network. This will allow Robinhood users to send and receive instant BTC transactions for practically 0 fees. Chennapragada said: We are also working to add the ability to transact on the Bitcoin Lightning […]
The trading app has kickstarted the beta phase of its bitcoin wallet feature, enabling a subset of users to self-custody their coins.
Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts.
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....
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....