Robinhood to begin testing crypto wallets next month, with broader rollout in 2022

Robinhood to begin testing crypto wallets next month, with broader rollout in 2022

Photo: Reuters

Robinhood Markets Inc said on Wednesday it plans to begin testing cryptocurrency wallets next month, with a broader rollout in early 2022, allowing its users to move supported digital currencies in and out of their brokerage accounts.

The Menlo Park-based retail brokerage currently allows buying, selling and holding of certain cryptocurrencies, like bitcoin and dogecoin, and last quarter saw crypto transactions exceed equities transactions for the first time.

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