American financial services company Robinhood is planning to improve its crypto offerings by introducing new features which include a cryptocurrency wallet.
CEO Vlad Tenev acknowledged that crypto is pivotal to Robinhood’s future projections, and the company is working hard to satisfy its customers in this regard.
“We’ve been doing a lot of work behind the scenes to provide our crypto customers with the functionality that they’ve been asking for,” Tenev said. “We know you want wallets.”
Vlad Tenev stressed that the updates have to be spot-on from the onset.
We want to introduce new features safely,” he said. “And there’s a lot of items we have to get right from the start.”
Remarkably, Dogecoin was responsible for 34% of Robinhood’s crypto-trading revenue in Q1 2021.
Its trading app currently offers only seven crypto assets; bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.
Robinhood is set to be listed on the Nasdaq stock exchange in the coming days with the brokerage firm offering over 52 million shares.