Robinhood will Launch Crypto Trading Globally

Robinhood will Launch Crypto Trading Globally. Initially, this program is as a beta program for 1000 users. Let’s learn more about this.

Introduction

US based financial service provider company, Robinhood Markets Inc will be rolling out its crypto wallets. However, as of now this is still a beta program in which only 1000 users are its members.

Background

The initial beta test is meant for the broader global expansion plans by the company which is for 2022. Soon, with the successful beta program, the company will execute its ambitious plan.

Too much demand

Almost 1.6 million users applied for the beta program. After waiting for a lot of time in on the waiting list, 1000 top users were selected for the program. Now these 1000 select users can exchange Cryptocurrencies from Robin with other Crypto Wallets.

With the help of the new feature, users will linked to the blockchain ecosystem.

Conditions for the Beta Program

However, there are certain conditions on this beta program. Users in the beta program will have a daily limit of $2999 in total withdrawals. Also, a cap is put on 10 transactions. Additionally, two factor authentication is mandatory for the program, as per the company.

Robinhood’s golden days

Robinhood benefited a lot from the 2021 GameStop saga. Presently, it’s looking to expand the beta program to a figure of 10,000 users by March 2022.

Fulfilling the demand

It is worth noting that Robinhood users were demanding Crypto Wallets for quite a while. With the help of Crypto Wallets, users can engage more in Crypto and Blockchain Technology. Things like DeFi and NFT will get more accessible to the users.

Conclusion

Robinhood will Launch Crypto Trading Globally. Initially, this program is as a beta program for 1000 users. Hopefully, we’ll soon see the Worldwide release of Robinhood’s Crypto Wallet.

Hope you found this article to be informative and intriguing. If you liked reading this article and would like to read more articles like this, do visit our website. Also, if you want to support us, please consider subscribing.

Related Articles

Facebook
Twitter
Telegram