Robinhood Quietly Testing Crypto Wallet as Users Clamor for It

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Robinhood Markets Inc. is testing new crypto wallet and cryptocurrency transfer features for its app, a long-awaited move that will make it easier for customers to send and receive digital currencies like Bitcoin.

Evidence of the company’s work on such features has appeared in a beta version of its iPhone app. The software includes a hidden image portraying a waitlist page for users signing up for a crypto wallet feature. The app also has code referring to cryptocurrency transfers.

With crypto wallets, consumers can use virtual currencies without having to convert them to dollars. They also provide a single place for customers to store all of their virtual currencies, protected by a private key.

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