US Brokerage Robinhood Preparing to Launch Cryptocurrency Wallet

[Image source=AP Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] U.S. online brokerage Robinhood is reportedly preparing to launch a cryptocurrency wallet.

According to CNBC on the 22nd (local time), Robinhood announced through a blog post that it plans to pilot the cryptocurrency wallet next month for some customers.

Robinhood has been offering cryptocurrency trading services for three years, but it was revealed that investors using the service have expressed dissatisfaction over not being able to directly store their cryptocurrencies.

Through this cryptocurrency wallet, investors will be able to trade cryptocurrencies as well as store and transfer them.

CNBC reported that the news of the cryptocurrency wallet initiative came as the proportion of cryptocurrency revenue in Robinhood's total sales continues to increase.

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