Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Currently, users of popular stock and digital currency trading app Robinhood canât move their crypto off the platform.
Retail shareholders of crypto-friendly trading app Robinhood are demanding a crypto wallet along with a branded hat and hoodie, a public shareholders questionnaire revealed.Â
The public question crowdsourcing platform Say, which was Robinhoodâs first purchase after it went public, enabled retail shareholders of Robinhood to ask and upvote questions in a Reddit-style interface. âManagement will address a selection of the most upvoted questions relating to Robinhoodâs business and financial results on the earnings call,â Say explained.
The top question directed to the Robinhood management by retail shareholders as of Wednesday was about introducing a crypto wallet within the trading app. The question, âIs Robinhood getting a crypto wallet?â was shared more than 141,500 times and received over 1,600 votes.
Robinhood currently lists a bunch of popular cryptocurrencies, such as Bitcoin (BTC), Dogecoin (DOGE), Ether (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH) and Bitcoin SV (BSV) for trade on its platform.
While the users can buy, sell and hold listed cryptocurrencies within the app, they cannot access the coins themselves to transfer them to other wallets due to the lack of a crypto wallet feature. The company announced plans to offer crypto deposits and withdrawals way before its initial public offering, but the feature is yet to be introduced.
Related: Echoing GameStop saga, retail traders fuel Robinhood stock price hike
Questions about Robinhoodâs roadmap for an international expansion and joint accounts came in second and third places on the platform, respectively. Interestingly, the question, âAs an initial investor, can we get a Robinhood hat and hoody jacket?â was the fourth-most popular question with more than 100,000 shares and 915 upvotes.
Following a clunky public debut on the Nasdaq stock exchange, Robinhood bought Say Technologies in a $140-million cash deal to bolster the relationship between the company and its retail shareholders. The trading app is also working on a feature to protect investors from the volatility of cryptocurrencies.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.