Trading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest of the waitlist.
Robinhood Lets 1,000 Customers Test Its Crypto Wallets
Popular trading platform Robinhood announced Thursday that its “crypto wallets beta program” is now live. The announcement details:
Starting today, we’ll begin rolling out crypto wallets to 1,000 customers from the top of the wallets waitlist (subject to owning an external wallet for testing and some safety checks).
“By March, we will expand the program to 10,000 customers before rolling out to the rest of the Wenwallets waitlist,” the announcement adds.
The company explained that in the beta testing phase, its customers can send and receive their cryptocurrencies from Robinhood to external crypto wallets. There is a daily limit of $2,999 in total withdrawals and 10 transactions for beta testers.
Robinhood also revealed that over the duration of the beta program, it “will finalize the send and receive flows, add delightful QR scanning experiences, improve the transaction history interface, and add block explorer support to provide more insights into their on-chain transactions.”