Trading platform Robinhood has rolled out its new crypto wallets to more than two million customers. In addition, Robinhood CEO Vlad Tenev announced that the platform will integrate with the Lightning Network “to bring even lower costs to our customers.”
Over 2 million users can now use Robinhood crypto wallets
Popular trading platform Robinhood made an announcement on its new crypto wallets Thursday at the Bitcoin Conference in Miami, Florida. Aparna Chennapragada, Product Manager at Robinhood, shared:
We’ve rolled out crypto wallets to every eligible person on the Wenwallets waitlist of more than two million people.
“Now all eligible customers who have signed up for the waitlist will be able to send and receive any of the cryptocurrencies currently available on Robinhood,” the executive added. The company began rolling out its crypto wallets to selected clients in January.
However, “Due to local regulations, crypto wallets aren’t yet available in Hawaii, Nevada, or New York, and we’ll inform those customers when this changes,” Chennapragada said.
Vlad Tenev, CEO and co-founder of Robinhood, also announced:
Our goal is to make Robinhood the most trusted and easiest to use crypto platform. We’re excited to bring even lower costs to our customers by integrating with the Lightning network.
The trading platform currently supports buying, selling and real-time market data for bitcoin (BTC), bitcoin cash (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum classic (ETC) and Litecoin (LTC). Shiba inu crypto proponents have been asking Robinhood to list SHIB, but the platform has repeatedly said it’s in no rush to add more coins.
Robinhood’s announcement further notes:
Unlike some other crypto platforms, there are no fees to withdraw crypto from Robinhood.
