Retail investor curiosity in Robinhood’s (HOOD) forthcoming crypto wallet stays excessive, a firm government mentioned on the Yahoo Finance-Decrypt cryptocurrency occasion on Tuesday.
The wait listing for Robinhood’s crypto wallet stands at 1.6 million individuals, Robinhood Crypto COO Christine Brown revealed at “Crypto Goes Mainstream.“
Robinhood announced plans for the crypto wallet in September, promising customers the flexibility to ship and obtain cryptocurrency at velocity and low price. The wallet may even function a slew of safety protections, together with id verification, multi-factor authentication, and electronic mail and cellphone verification, in accordance with the corporate.
The crypto wallet, set for launch within the first quarter of subsequent yr, is already out there to some customers on a preliminary foundation, Brown mentioned.
“We’re actively in our alpha, so we do have customers who’re really having access to this product immediately — proper now,” she mentioned. “However we’re shifting slowly exactly as a result of we’re a safety-first firm.”
‘There are a lot of concepts on the market’
The buying and selling platform has additionally taken steps to make sure the safety of transactions on the platform, Brown famous, particularly in mild of the restricted expertise that some customers will convey to the crypto house.
“We need to construct options which have the proper safety in thoughts with our customers and what they’ll be doing,” she mentioned.
An information breach revealed on Monday uncovered the e-mail addresses of 5 million customers, and the complete names of a completely different group of about two million customers. The corporate mentioned it believed no debit card or checking account numbers had been leaked, and no prospects had suffered a monetary price.
And in accordance with Brown, blockchain “might” supply a answer to basic issues over person safety.
“We’re nonetheless in a discovery part,” she mentioned. “There are a lot of concepts on the market.”
Max Zahn is a reporter for Yahoo Finance. Discover him on twitter @MaxZahn_.
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