Bloomberg Law
Sept. 20, 2021, 8:54 PM

Robinhood Quietly Tests Crypto Wallet as Users Clamor for It (1)

Mark Gurman
Mark Gurman
Bloomberg News
Annie Massa
Annie Massa
Bloomberg News

Robinhood Markets Inc. is testing new crypto wallet and cryptocurrency transfer features for its app, a long-awaited move that will make it easier for customers to send and receive digital currencies like Bitcoin.

Evidence of the company’s work on such features has appeared in a beta version of its iPhone app. The software includes a hidden image portraying a waitlist page for users signing up for a crypto wallet feature. The app also has code referring to cryptocurrency transfers.

With crypto wallets, consumers can use virtual currencies without having to convert them to dollars. They also provide a single place ...

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