Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature next year.
Robinhood stated that tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The trading app said more than 1.6 million people were waiting for the wallet, which will support depositing and withdrawing Bitcoin , Ether , Dogecoin and other tokens.
The trading app has been testing its digital wallet feature since it was first announced in September, completing its first alpha transfer using DOGE in Nov. According to Robinhood chief operating officer Christine Brown, the beta rollout would be focused on the security of users, as well as providing education on crypto transactions and clarity around network and gas fees.
The share price of Robinhood on the Nasdaq seemed to be unaffected by the recent announcement. First going public in July, the stock has steadily declined from an all-time high price of $70.39 to $17.03 at the time of the annoucment.
