Robinhood announces plans to offer crypto deposits and withdrawals

Robinhood announces plans to offer crypto deposits and withdrawals


The controversy laden trading platform Robinhood announced today it intends to implement cryptocurrency deposits and withdrawals. While customers have been able to buy and sell cryptocurrency via the platform for some time, they are unable to access the coins themselves to transfer them to other wallets.

According to a series of tweets published from the company’s Twitter account, work on integration of cryptocurrency transfers has already begun, though no dates or specifics were provided on when it will go live.

Robinhood also clarified that crypto deposits would be custodied by their own wallets and added the company does not invest in cryptocurrency and will not use customer funds for its own benefit.

So much interest in Crypto! To be crystal clear , we fully intend to provide the ability to deposit and withdraw cryptocurrencies, including DOGE. Robinhood Crypto does NOT currently invest in cryptocurrency or use any customer cryptocurrency for our own benefit.

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— Robinhood (@RobinhoodApp) February 17,

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