Robinhood to Introduce a New Non-Custodial Wallet

Trading app giant Robinhood announced that it is building a brand new non-custodial, web3 wallet that will allow customers to have total control of their crypto and seamlessly access the decentralized web and all the opportunity crypto has to offer.

Robinhood added that the new wallet will launch as a standalone app and allow customers to hold the keys for their own crypto, trade and swap crypto with no network fees, store NFTs and connect to NFT marketplaces and access a variety of crypto assets.

"At Robinhood, we believe that crypto is more than just an asset class,"said Vlad Tenev, co-founder and CEO of Robinhood."By offering the same low cost and great design that people have come to expect from Robinhood, our web3 wallet will make it easier for everyone to hold their own keys and experience all the opportunities that the open financial system has to offer."

Robinhood has witnessed astonishing growth in the total number of crypto users. In order to meet the diverse customer needs, the company has added Grayscale's Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access to the crypto investment products, and get exposure to bitcoin or ethereum without actually owning the digital currencies.