Robinhood’s crypto wallet waitlist has surpassed 1 million

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Robinhood has implicit 1 cardinal customers connected the waitlist for its crypto wallet, with the milestone deed conscionable a period aft the trading app announced the feature.

According to the firm's CEO Vlad Tenev, request is precocious from customers anxious to bash much than conscionable commercialized with their cryptocurrency holdings.

Tenev revealed this portion speaking astatine CNBC's Disruptor 50 acme connected Thursday. He told Jimmy Cramer that the crypto wallet diagnostic is acceptable to springiness the app's customers "more inferior with the coins they have," with much radical are getting connected the waitlist for this reason.

"The crypto wallet waitlist is good implicit a cardinal radical now," Tenev said, highlighting the assorted benefits customers volition person erstwhile the wallet is unveiled.

Some of the advantages Robinhood app customers are acceptable to bask see crypto deposits and withdrawals, nonstop and person options, and transfers to hardware wallets.

As good arsenic stating that cryptocurrencies are "here to stay" the Robinhood main noted its increasing adoption.  He noted that anyone tin person a wallet, "regardless of wherever you are successful the world" and usage it to nonstop crypto to others.

Robinhood announced its volition to present a crypto wallet successful September, seemingly heeding to accrued request for the work from its customers. The waitlist allows customers to get archetypal entree erstwhile the diagnostic yet rolls out.

The app's users presently person entree to Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSV), Dogecoin (DOGE), and Ethereum Classic (ETC). 

While different integer assets volition apt beryllium added successful the future, the Robinhood exec could not corroborate if the archetypal among those would beryllium the trending meme coin Shiba Inu (SHIB).

According to him, immoderate listing would person to support successful enactment with idiosyncratic information and that meant immoderate imaginable additions to the 7 presently supported would person to spell "through a stringent acceptable of criteria,"

The integer wallet diagnostic was scheduled to motorboat this October, with planetary enactment acceptable for 2022.

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