Robinhood to launch cryptocurrency wallets

Robinhood to launch cryptocurrency wallets as bitcoin becomes a bigger part of business

Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency space.

The newly public brokerage is testing “crypto wallets” with select clients next month, the company announced in a blog post Wednesday. The so-called wallet will allow investors to trade, send and receive digital currencies, as well as move them in and out of the Robinhood app.

Shares of Robinhood rose 5% on Wednesday.

This story by Maggie Fitzgerald & Kate Rooney continues on cnbc.com

Image by mohamed Hassan from Pixabay


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