Robinhood Launches Cryptocurrency Wallet In October

After launching services for buying and selling cryptocurrencies, Robinhood is going to launch a cryptocurrency wallet,which will allow users to send or receive digital currencies directly from the investment platform.

Robinhood Markets disclosed on Wednesdayintent to start testing its crypto wallet in October 2021, while a larger launch is slated for early 2022. Thanks to this, clients of the trading platform will finally be able to withdraw and deposit assets in supported cryptocurrencies.

Robinhood allows users to buy,sell and hold certain cryptocurrencies, including Bitcoin and Dogecoin. In the last quarter, activity in the Robinhood cryptocurrency segment surpassed stock performance for the first time.

Robinhood users have long asked the company to add cryptocurrency wallet functionality so that they can use their assets in off-platform transactions, such as buying NFTs.

“This is a natural step for us when we think aboutexpanding access to finance so that more people in different conditions can join this emerging market. The wallet is a key element of this plan. "Robinhood Product Director Aparna Chennapragada said.

Now the company intends to interview tradersclients' cryptocurrencies and select a small group to participate in testing. About 60% of the 21.3 million active users of the platform carry out transactions with digital assets.

Where is it more profitable to buy cryptocurrency? 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	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

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.
• Additional features and services— futures, options, staking, NFT marketplace.
• 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.
• final grade– the average number of points for all indicators determines the place in the ranking.

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