Robinhood’s Newly Launched Cryptocurrency Wallet Attracts 2 Million Users

Robinhood, an American financial services company known for its popular trading app, has recently launched Crypto Wallets. Investors showed deep interest in the new product in an interview at Bloomberg Technology, said Aparna Chennapragada, CPO at Robinhood.

Continued growth in users holding cryptocurrencies at Robinhood created the demand for a Digital Wallet. As a result, the CPO disclosed the launch of a Crypto Wallet in an early interview conducted earlier this month, in January 2022.

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Alongside the provision of Crypto Wallets for investors, Robinhood has added features like crypto giveaways and Q&As on its platform. The second one allows users to get insights and roadmaps on where the company is headed. In the strive for becoming a top player in crypto-mania, the CPO says;

“You will see us continue to play in this space.”

Also, she added that the Robinhood Team continuously collaborates with the community and its users to ensure the product fulfills users’ demands.

Robinhood And Shiba Inu Listing

Recently Uphold Inc., a crypto trading platform and digital wallet listed Shiba Inu. It’s a regulated cryptocurrency platform serving users in more than 184 countries worldwide. The platform praised how SHIB has gained traction among the meme coin glosses as a payment coin.

Regarding the listing of popular meme coin Shiba Inu, the company’s CPO, stated she knows it’s the desire of many customers.

But, she cleared it by saying that listings of new tokens would occur at the appropriate time. The reason for this is the firm has been setting up new ‘building blocks’ in its system to provide the best experience to users looking for profits with crypto investments.

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Chennapragada further revealed that the company’s current objective regarding digital assets is to bring the top cryptocurrencies on its platform and to do that in the least costly way.

Robinhood CPO affirmed;

“We consistently put our building blocks in place to be able to activate great crypto products. So it started like enabling access to coins in the cheapest way possible to get into this emerging economy.”

Featured image from CNBC, chart from TradingView.com