TL;DR Breakdown
• The American company reveals that 50 percent of its earnings are based on cryptocurrencies.
• Robinhood plans to launch its new wallet in early 2022.
Robinhood, one of the most anticipated crypto wallets by enthusiasts, will be launched in 2022, and this has caused the list of users for pre-registration to be extended. According to the company’s CEO, it is estimated that more than a million users currently await the wallet launch.
In the middle of the “Disruptor-50” meeting, the head of the US crypto company said that he feels anxious about the new crypto wallet.
Robinhood trends among the new crypto wallets of 2022
Using crypto wallets is becoming increasingly competitive as the enthusiasts wave to the new financial market rises. Since last month the company has been trending because it will launch a new crypto wallet to which all people will have access.
Recently, the firm’s CEO said they developed an advance payroll to verify if people were interested in the wallet and were surprised by its result. According to Vlad Teney, head of Robinhood, the list is already over one million users, which shows that the platform will succeed after its launch.
Teney adds that many of its clients have requested a system that allows them to send or receive cryptos safely, which the company wants to achieve. Since September, the firm has been advertising the wallet, saying it would consider customer opinions. The app for crypto trading will potentially offer seven tokens, including Bitcoin, Dogecoin, and Ether.
Crypto platform improves its trading system
Robinhood has been working on crypto trading and the provision of the best crypto solutions to its users since the year 2018. As revealed by the firm, over 50 percent of its profits during the year are due to crypto trading, making it a very attractive field. Of these crypto earnings, the platform accepts that over 60 percent of the operations were completed with DOGE.
However, the company has been going through a serious drop in users, so they have been developing their new wallet since last month. Under this new platform, the company will seek to consolidate its position in the crypto market to compete with large crypto firms such as Coinbase or Binance.
Robinhood also aims to address the adoptions wave that tokens like Bitcoin have seen in the recent market. BTC reached a new all-time high, trading above $66,000, and later suffered a sudden drop, trading at $61,066.
