CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-08-19 13:12:29

Robinhood says cryptocurrency wallet is a priority, but gives no clues on timing

Robinhood Markets (NASDAQ:HOOD) co-founder and CEO Vlad Tenev says the fintech is working on a cryptocurrency wallet, something of particular interest to dogecoin (DOGE-USD) fans, but gives no indication on when it might actually have one. During the company's inaugural earnings call, Tenev instead points to efforts to build out its team to accommodate its growth. "So this year, clearly, Robinhood has had explosive growth in crypto during Q1 and Q2. And we’ve had to grow out the team, we made a lot of progress growing out the team and really hiring great talent onto crypto, and scaling our systems to make sure that we can handle the increased load," he said. It doesn't look like the crypto wallet is coming soon. While it's a key priority for Robinhood (HOOD), "offering crypto wallets and the ability to deposit and withdraw cryptocurrencies is tricky to do at scale, we want to make

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.