Robinhood has officially launched its self-custody crypto wallet, allowing users to store and manage their private keys and digital assets independently.
This move comes in response to increasing demand from users seeking more control over their crypto holdings in light of security concerns on centralized platforms.
The wallet will support major cryptocurrencies like Bitcoin and Ethereum and will include functionality for decentralized finance (DeFi) applications and non-fungible tokens (NFTs).
Robinhood’s entrance into the self-custody space is seen as an effort to diversify its crypto offerings and appeal to more serious crypto users, especially after its exchange came under scrutiny for the lack of transparency and user control during market volatility.
