A little over a month after Robinhood released its first crypto wallet, the company says it’s already working on a second
Robinhood’s new wallet will give users sole custody over the keys needed to control their money on the blockchain.
It means users won’t depend on Robinhood if the system fails.
But there are some risks of losing the funds altogether, especially if they lose their private key.
The company says the wallet will be offered as a standalone app and says it will have an accessible and simple design.
Crypto has quickly become part of Robinhood’s business strategy.
The company recently said Bitcoin was the number one recurring asset its users have been buying this year.
