Bitcoin Adoption: Robinhood To Launch Crypto Wallets

Michael Saylor has been a vital Bitcoin supporter, and his company has been purchasing the digital asset like there’s no tomorrow.

Now, he shared the best news, and you can check out his tweet below.

First #Bitcoin, then #Lightning⚡️. It’s only a matter of time.https://t.co/4KJ9n0mTQT

— Michael Saylor⚡️ (@michael_saylor) September 22, 2021

It’s been just revealed that Robinhood is about to kick off a feature that gives traders more control over digital tokens in its latest expansion in the crypto space.

CNBC noted that the newly public brokerage is testing “crypto wallets” with select clients next month – this is what the company announced in a blog post on Wednesday.

“The wallet will allow investors to trade, send and receive digital currencies, as well as move them in and out of the Robinhood app.”

Shares of Robinhood rose 10.9% on Wednesday.

It’s also been revealed by the same online publication that in recent months, some users have taken to social media to complain that by using Robinhood as their broker, they had exposure to crypto prices but not actual ownership of the coins themselves.

“We’re not first to the market — we’ve been taking our time to make sure that we build this in a phased approach.”

This is what Robinhood chief product officer Aparna Chennapragada told CNBC in a phone interview.

“We’ll have a few customers come in, iterate on the product, get the customer feedback and then expand from there.”

Crypto trader Lark Davis said that BTC confirmed a massive bullish signal.

It’s been revealed that Bitcoin just flashed “golden cross,” a technical event seen by many traders as a sign for rallies to come.

“It’s happened. It’s official. It is confirmed. We’ve got a golden cross on Bitcoin.” Stay tuned for more news.