On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We take great pride in our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said at the event.
Robinhood Crypto Wallet Waitlist Hits a Million Sign-ups
Vlad Tenev, the founder of Robinhood Markets, told the public on Thursday that the waitlist for Robinhood’s crypto wallet has reached 1 million customers. Speaking at CNBC’s Disruptor 50 summit, Tenev explained how popular cryptocurrencies are on the financial services app. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said at the event. The CEO added:
“We have deployed the waiting list for our portfolio. Many people have asked for the ability to send and receive cryptocurrencies, transfer them to hardware wallets, transfer them to the platform to consolidate them and the waitlist for crypto wallets is now over ‘a million people.
Robinhood CEO: ‘Crypto Is Certainly Here to Stay as an Asset Class’
In September, Bitcoin.com News reported on Robinhood adding a recurring crypto buy feature and after the company added the service to the app, Robinhood said it was testing new crypto wallet and transfer features. Additionally, two months ago, a detailed report indicated that Robinhood was likely the owner of the largest dogecoin address (DOGE). However, in the spring, Tenev had dismissed speculation on the dogecoin address.
When discussing the new crypto wallet rollout this past week, Tenev remarked that there are benefits to digital currency wallets. “You can have a wallet, you can send people cryptocurrencies from that wallet to their wallet,” Tenev said. “There’s certain advantages that are in the technology that make it kind of global and accessible by default and that makes it very interesting.”
The Robinhood founder also noted that he believes cryptocurrencies and the crypto economy have made their mark and likely will remain so. “Crypto is certainly here to stay as an asset class and the ease of use and the global nature of it, I think, has made it attractive to lots of people,” Tenev concluded.
