April 18, 2024

Robinhood will add cryptocurrency withdrawal to personal wallets

Robinhood will add cryptocurrency withdrawal to personal wallets

Robinhood, a digital asset-friendly platform, will offer the ability to withdraw cryptocurrencies to third partieswallets. This was stated in an interview with Decrypt by COO Christine Brown.

The top manager declined to name a specific time frame for the initiative, but added that the recent collapse in the market will not affect it. Going forward, Robinhood Crypto plans to add stock trading.

“It doesn't look like a simple switch. This is a very difficult question from an optimization point of view. "Brown explained.
She also said that since January the development team has increased fivefold, and the platform has switched to round-the-clock operation.

In April, billionaire Mark Cuban called the inability to spend the tokens purchased on Robinhood as an obstacle to the growth of Dogecoin's price.

In March, Robinhood CEO Vlad Tenev announced the addition of a cryptocurrency wallet to the service.

Earlier, the company announced an increase in the audience of a mobile application for trading digital assets from 1.7 million to 9.5 million users in the first three months of 2021.

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 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 will add cryptocurrency withdrawal to personal wallets

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