January 23, 2022

Robinhood will launch a crypto wallet in early 2022

Robinhood will launch a crypto wallet in early 2022

Popular brokerage app Robinhood Crypto partners with Chainalysis ahead of launch Robinhood Crypto wallet.

Chainalysis will help the company identify riskytransactions in real time and will provide a more thorough check of suspicious activity on the platform. Chainalysis's software integration will help the platform meet anti-money laundering and terrorist financing standards and comply with FATF regulations.

Chainalysis has long been known for working closely with regulators to develop tools to monitor trading activity.

Crypto wallet testing began in Septemberthis year. More than 1.6 million people are on the waiting list. The wallet will provide direct cryptocurrency deposits and withdrawals from the Robinhood platform - a critical feature that is currently not available.

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