March 29, 2024

Robinhood Prepares To Launch Cryptocurrency Wallet

Robinhood Prepares To Launch Cryptocurrency Wallet

In an interview published on the company's YouTube channel, Robinhood CEO Vlad Tenev talked aboutthat wants to expand services in the field of cryptocurrency trading and add new trading pairs.

"As much as people are bragging about this issue on social media, I'm annoying our crypto team and software developers.We'll try to make the update as soon as possible, and then we'll see.There is a possibility that in the course of the work we will add a few new coins.", - said Tenev.

During the interview, Tenev also spoke about the possible launch of the Robinhood cryptocurrency wallet, although he explained that they would be pondering the matter carefully.

As for the events around Gamestop, whenthe movement of WallStreetBets raised the stock price of the company and the platform decided to suspend trading, Tenev limited himself to saying that it was definitely a bad name for the platform. There were no other comments from him.

In early January, Robinhood announced plans to go public through an IPO, which will give the platform the ability to sell shares through its own app.

The coronavirus pandemic has driven more users as the economic crisis prompted people to use the app for self-investment.

Robinhood's audience has grown from 10 million users in December 2019 to 13 million in May 2020, according to CNBC.

In April 2020, Forbes included the platform in the top 10 largest fintech companies in the United States.

In early January 2021, Robinhood also announcedabout a new partnership with the famous American supermarket chain Walmart to create a fintech startup offering innovative, reliable and modern financial solutions.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Robinhood Prepares To Launch Cryptocurrency Wallet

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