5/17, 8:04 PM (Source: TeleTrader)
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Robinhood launches new crypto, NFT wallet as app

Robinhood Markets Inc. announced on Tuesday it is launching what it described as "a brand new non-custodial, web3 wallet" that will allow its users to have "total control" of their cryptocurrencies and non-fungible tokens (NFT).

The wallet, which will be launched as a standalone application, will enable the customers to "seamlessly access the decentralized web and all the opportunity crypto has to offer." It will also allow them to "earn yield using their access." At this point, the users can sign up for the waiting list to get the product.

"By offering the same low cost and great design that people have come to expect from Robinhood, our web3 wallet will make it easier for everyone to hold their own keys and experience all the opportunities that the open financial system has to offer," Robinhood Chief Executive Officer (CEO) Vlad Tenev commented.

Baha Breaking News (BBN) / JR