The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Robinhood to Introduce Crypto Wallet as IPO Approaches

by Miki 07/26/2021
by Miki 07/26/2021 0 comment

The new announcement made by the Robinhood CEO provided no specifics on the crypto wallet launch.

California-based retail investment company Robinhood has announced that it may consider releasing a crypto wallet. The Chief Executive Officer, Vlad Tenev, announced on Saturday that cryptocurrency had become central to the app’s future objectives and that the company may just be working on a crypto wallet.

Tenev made this known while answering questions from the public about the company’s upcoming IPO. Speaking at the conference alongside other top executives of the company, he said:

“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.”

Why a Crypto Wallet for Robinhood Users?

Tenev stated the firm knew the users wanted crypto wallets. He then noted that plans were underway to introduce additional features. Earlier in March, Tenev had promised that the crypto wallet will become available as soon as possible. However, the new announcement provided no additional specifics and is even more tentative than the previous.

Currently, users of the platform cannot transfer assets as they please driving some to Coinbase. Tenev noted that this would also be addressed. He opined that there are a lot of features to be added and the delay was because they wanted to get it right from the start.

What to Expect from the Company’s IPO

Since its establishment in 2013, Robinhood has been a central figure in the boom of retail trading. It had delved into cryptocurrency for some time with about 17% of its total revenue in the first quarter resulting from cryptocurrency transactions. This was starkly different from the 5% from the last quarter of 2020 alone. The company warned that declining interest in the coin, as well as general developments in the cryptocurrency ecosystem, could pose a limitation to the company.

The company is making a third of its shares available to users in the upcoming IPO. This would be done through its app. The move is in line with its aim to decentralize finance and even the gap between retail investors and institutions. The company, however, noted that the interest of retail traders could affect the price of the stock.

According to its regulatory filing, the company expects to raise up to $2.3 billion for its IPO. The company will begin trading on Thursday under the ticker HOOD. It is offering $55 million shares at $38 to $42 per share bringing its market valuation to $35 billion.

Despite the warnings, the company’s IPO remains one of the most expected with up to 17.7 million active users every month and over 6 million users in the first quarter of 2021.

next Altcoin News, , Blockchain News, Business News, Cryptocurrency news

Thank you!

You have successfully joined our subscriber list.

Source link

Views: 0
ApproachesCryptoIntroduceIPORobinhoodWallet
Share
0
FacebookTwitterPinterestEmail
previous post
Dogecoin Users Can Now Checkout Using Doge On Coinbase Commerce
next post
Bitcoin, Dogecoin Price Analysis: July 27, 2021

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record

  • UFC Partners with Crypto.com on Release of First Authorized NFT Collection

  • Here’s what pushed Litecoin’s SegWit usage to 90%

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,011.00-1.27%
  • ethereumEthereum(ETH)$2,043.17-1.84%
  • tetherTether(USDT)$1.000.18%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • binancecoinBNB(BNB)$300.12-2.17%
  • rippleXRP(XRP)$0.427192-2.44%
  • cardanoCardano(ADA)$0.57-2.06%
  • SolanaSolana(SOL)$55.75-1.79%
  • Binance USDBinance USD(BUSD)$1.00-0.11%
  • dogecoinDogecoin(DOGE)$0.089940-0.65%
  • polkadotPolkadot(DOT)$10.59-5.17%
  • AvalancheAvalanche(AVAX)$33.79-1.73%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,995.00-1.23%
  • Lido Staked EtherLido Staked Ether(STETH)$2,010.17-1.71%
  • tronTRON(TRX)$0.0719171.15%
  • Shiba InuShiba Inu(SHIB)$0.000012-1.70%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.000.06%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$72.602.62%
  • CronosCronos(CRO)$0.198716-0.31%
  • matic-networkPolygon(MATIC)$0.71-0.44%
  • leo-tokenLEO Token(LEO)$5.103.90%
  • LADZLADZ(LADZ)$0.0686894.36%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.53-4.73%
  • FTX TokenFTX Token(FTT)$31.36-2.99%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$203.51-1.61%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.55-3.15%