Robinhood announced the release of a new crypto wallet
Trading company
Robinhood plans to release a new crypto wallet focused on decentralized finance (DeFi) by the end of 2022.
Users of the new Web3 wallet will be able to take crypto loans, stake digital assets, earn income through yield farming, buy NFTs, and work with decentralized exchanges (DEXs).
Thus, the new wallet from Robinhood will become a direct competitor to
MetaMask.
Wallet testing will begin in the summer, the waiting list is already open.
Robinhood Crypto CTO Johann Kerbrath revealed that the new wallet will be specifically designed for users looking for “advanced use cases” for cryptocurrencies.
