Robinhood to Begin Testing Crypto Wallets, With Broader Launch in Early 2022

Robinhood to Begin Testing Crypto Wallets, With Broader Launch in Early 2022
The logo of Robinhood Markets is seen at a pop-up event on Wall Street after the company's IPO in New York City on July 29, 2021. Andrew Kelly/Reuters
Reuters
Updated:

NEW YORK—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.