Robinhood’s app will soon allow you to safely store and transfer your cryptos.
Robinhood Markets Inc. HOOD, +10.85% is rolling out a new feature that will allow users to use a crypto wallet and make cryptocurrency transfers on its app, the company confirmed to MarketWatch.
While it’s already possible for Robinhood users to buy and sell cryptocurrency, this would be the first time account holders can manage all of their crypto holdings through a wallet inside the app. Other companies including Coinbase Global Inc. COIN, +1.42% and Gemini Trust Co. offer crypto wallets. The announcement comes a few days after Robinhood began allowing users to set up recurring buys for cryptocurrencies.
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