1.6 Million People Are Waiting to Withdraw Bitcoin from Robinhood

1.6 Million People Are Waiting to Withdraw Bitcoin from Robinhood



  • Robinhood COO mentioned 1.6 million individuals are on the corporate’s waitlist for withdrawing bitcoin.
  • The long-awaited characteristic would come as a cryptocurrency pockets to the agency’s buying and selling app.
  • It’s nonetheless unclear when prospects will be capable of take possession of their bitcoin.

Robinhood now has 1.6 million individuals on the waitlist for its bitcoin and cryptocurrency pockets, its COO Christine Brown mentioned on Tuesday, per a Reuters report. Amongst different properties, the pockets, to be added to its app, consists of the important characteristic of withdrawing bitcoin right into a self-sovereign pockets of alternative, one thing the dealer at present does not supply in its buying and selling platform.

The best way the Robinhood buying and selling app at present works, customers purchase and promote representations of BTC and some other cryptocurrency as a substitute of the bitcoin itself  successfully an IOU. A buyer can solely ensure they’ve bitcoin as soon as they switch it to a pockets for which they management the non-public key.

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