Robinhood to Launch Crypto Wallet and Transfer Features

Robinhood, a US-based trading platform, is testing new crypto wallet and cryptocurrency transfer features for its app to enable customers to transfer digital currencies such as BTC.

Robinhood beta version on iPhone App showed some of the company's efforts on such features.

Following the crypto enthusiasm, the company's retail shareholders have long waited for a crypto wallet. A day before the brokerage announced its first quarterly results last month, the top question on Say, a platform that lets companies crowdsource questions from retail investors, was whether the brokerage was getting such a wallet.

The trading app operator has bet big on the retail investor interest in the digital currency space. Earlier this month, the company said it would roll out crypto recurring investments, allowing users to buy digital coins commission-free and with as little as $1 on a schedule of their choice. 

It would be interesting to see how the SEC would view this wallet and associated crypto activities as the regulator has not been kind to other crypto platforms like Binance and Coinbase over the last few months.

Recent months has witnessed a series of big moves by Robinhood. The platform bought Say Technologies for $140 million in September, and launched a new feature-crypto recurring investments​ in early August.