The commission-free trading app Robinhood started offering cryptocurrency trading earlier in the year – which was among the first moves for its global recognition. However, the latest news says that Robinhood is also working on a cryptocurrency wallet on its own – which would allow the customers of the app to directly move their crypto assets from other wallets and brokerages into the platform without selling them first.
The news comes from a job advert which appeared on the website of recruitment consultants and is still not confirm. However, the commission-free investing app right now demands customers to sell their cryptocurrencies before moving them to the desired platform (and then purchase the cryptocurrencies of their choice).
The job ad was first spotted by Business Insider. In it, Robinhood is seeking a ‘Crypto Engineer’ who will be responsible for adding new features to the company’s crypto product. As the ad reads:
“As a Crypto Engineer you’ll: Build out new functionality for our crypto product, such as adding new currencies or providing wallet functionality…”
The applicants are required to possess at least one year of experience in crypto or blockchain development as well as experience with distributed services. Currently, Robinhood enjoys a valuation of $5.6 billion – and the customers of the firm have been constantly asking for a way of moving the cryptocurrencies into the app from other services.
At the end of the day, the crypto wallet of Robinhood could also provide the customers with a more secure way of storing their digital assets.
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