Robinhood’s Waitlist for Crypto Wallet Has More Than 1M Customers: Report


The waitlist for Robinhood’s crypto pockets is now a couple of million prospects lengthy, Robinhood CEO Vlad Tenev said at CNBC’s Disruptor 50 summit on Thursday.

  • Robinhood introduced final month it was planning to roll out a crypto pockets in early 2022 that may enable prospects to commerce, ship and obtain cryptocurrencies, in addition to switch them to {hardware} wallets.
  • “Crypto is certainly here to stay as an asset class and the ease of use and the global nature of it, I think, has made it attractive to lots of people,” CNBC quoted Tenev as saying.
  • Commissions from crypto buying and selling accounted for 41% of Robinhood’s income in its second quarter, up from simply 17% within the first quarter. Overall, Robinhood has mentioned that greater than 60% of its buyer traded cryptocurrencies within the second quarter.
  • Robinhood is slated to report its third-quarter earnings report on Tuesday, Oct. 26.