Online broker Robinhood has launched a cryptocurrency wallet beta program for 1,000 selected clients on a waiting list.
By March 2022, the number of participants will expand to 10,000 users who have applied earlier.
The company expects users to help test the app’s core functionality and provide feedback to build the final version of the product.
Robinhood blog post wrote:
“Starting today, we’ll begin rolling out crypto Wallets to 1,000 customers from the top of the Wallets waitlist (subject to owning an external wallet for testing and some safety checks). By March, we will expand the program to 10,000 customers before rolling out to the rest of the WenWallets waitlist.”
Test participants have a withdrawal limit of $2999 per day to external wallets with a limit of 10 transactions. Two-factor authentication is required.
In March 2021, Robinhood co-founder and CEO Vlad Tenev stated that the platform plans to add wallet functionality in a short time. In May, COO Christine Brown confirmed that digital asset withdrawals are coming.
We have previously given our analysis that the main reason for Shiba Inu’s delayed listing on Robinhood is the launch of Robinhood wallet; unless Robinhood launches their wallets, it will wait and may not announce the SHIB listing. Now, as they have embarked on public testing of their wallets, they might soon list Shib.
Also, ZeroHedge, a far-right libertarian financial blog followed by millions of people, recently revived the rumors about Robinhood listing for SHIB. According to the source, Robinhood plans to list the Shiba Inu token in February.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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