2 years ago
Trading level Robinhood is launching a non-custodial, web3 cryptocurrency wallet. “Customers volition beryllium capable to clasp the keys for their ain crypto,” the institution said.
Robinhood Building Non-Custodial, Web3 Wallet
Popular trading level Robinhood announced Tuesday that it is “building a marque caller non-custodial, web3 wallet that volition let customers to person full power of their crypto.”
The announcement details:
This new, multichain, web3 wallet volition motorboat arsenic a standalone app … Customers volition beryllium capable to clasp the keys for their ain crypto.
In addition, customers volition beryllium capable to “trade and swap crypto with nary web fees,” “earn output utilizing their assets,” store non-fungible tokens (NFTs), and link to NFT marketplaces, Robinhood explained.
Vlad Tenev, co-founder and CEO of Robinhood, commented: “At Robinhood, we judge that crypto is much than conscionable an plus people … Our web3 wallet volition marque it easier for everyone to clasp their ain keys and acquisition each the opportunities that the unfastened fiscal strategy has to offer.”
The announcement further notes that customers tin motion up for Robinhood’s non-custodial wallet waitlist to get aboriginal entree to the company’s caller product. The institution said:
We’ll statesman inviting waitlist customers to articulation our Beta programme aboriginal this summertime and marque the merchandise mostly disposable to each Robinhood customers by the extremity of the year.
Last month, Robinhood rolled retired its custodial crypto wallets to more than 2 million customers.
With the upcoming non-custodial wallet launch, Robinhood volition vie with the Nasdaq-listed cryptocurrency speech Coinbase, which besides offers a self-custodial wallet.
Coinbase CEO Brian Armstrong tweeted Monday that his company’s non-custodial wallet is present “the astir downloaded mobile self-custody wallet successful the U.S.” He noted: “And you don’t person to migrate thing implicit to usage it – the aforesaid effect operation tin beryllium utilized crossed aggregate wallets.”
Robinhood precocious began its European enlargement by acquiring a regulated crypto steadfast based successful the U.K.
What bash you deliberation astir Robinhood launching a non-custodial, web3 crypto wallet? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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