• bitcoinBitcoin(BTC)$23,384.000.170%
    BITCOIN
    24H : 0.170%
    Volume : $21,692,849,782.00
    Marketcap : $450,323,458,514.00
  • ethereumEthereum(ETH)$1,665.650.760%
    ETHEREUM
    24H : 0.760%
    Volume : $6,966,748,917.00
    Marketcap : $200,510,776,954.00
  • tetherTether(USDT)$1.000-0.03%
    TETHER
    24H : -0.03%
    Volume : $30,401,218,829.00
    Marketcap : $68,043,213,162.00
  • binancecoinBNB(BNB)$330.060.250%
    BNB
    24H : 0.250%
    Volume : $601,841,642.00
    Marketcap : $44,504,275,176.00
  • usd-coinUSD Coin(USDC)$1.000.0100%
    USD COIN
    24H : 0.0100%
    Volume : $2,868,145,305.00
    Marketcap : $41,949,714,562.00
  • rippleXRP(XRP)$0.4110.390%
    XRP
    24H : 0.390%
    Volume : $618,360,876.00
    Marketcap : $20,831,415,352.00
  • binance-usdBinance USD(BUSD)$1.000.030%
    BINANCE USD
    24H : 0.030%
    Volume : $7,167,365,576.00
    Marketcap : $16,272,689,129.00
  • cardanoCardano(ADA)$0.398-0.64%
    CARDANO
    24H : -0.64%
    Volume : $267,446,886.00
    Marketcap : $13,928,010,583.00
  • dogecoinDogecoin(DOGE)$0.0951.37%
    DOGECOIN
    24H : 1.37%
    Volume : $1,405,944,904.00
    Marketcap : $13,128,089,808.00
  • matic-networkPolygon(MATIC)$1.252.07%
    POLYGON
    24H : 2.07%
    Volume : $560,617,611.00
    Marketcap : $11,265,765,088.00
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Robinhood Unveils New Self-Custody Wallet

20 January 2023
in Latest News, News
Reading Time: 3 mins read
102 5
Robinhood Unveils New Self-Custody Wallet

image source: news.bitcoin.com

On January 19th, Robinhood, the popular online investment platform, announced the launch of its newest product – the self-custody Wallet. 

This innovative new iOS app is designed to provide users with a secure and convenient way to manage their cryptocurrency and non-fungible token (NFT) investments.

The Wallet app allows users to easily transfer and view their owned crypto and NFTs in one central location. The app is designed with a user-friendly interface, making it easy for anyone to navigate, regardless of their level of technical expertise.

The launch of the Wallet app has been highly anticipated, with over one million people already on the waiting list. To ensure a smooth rollout, Robinhood is slowly releasing the app to users, starting with a select group before expanding to the entire waiting list.

According to the CEO, at the moment of launch, the wallet app will only support Ethereum (ETH) and Polygon (MATIC) networks, which is a limitation, and the company has assured that they are actively working on expanding the Wallet’s compatibility to other blockchains networks soon.

The CEO further stated that the company’s new product, Robinhood Wallet, is designed to rival other popular digital wallet options such as MetaMask and Phantom. Kerbrat stated in an interview with Decrypt that Robinhood Wallet aims to provide a comprehensive and user-friendly platform for individuals to store, manage and transact their digital assets securely.

The product is expected to have features such as easy integration with other decentralized applications and the ability to quickly and easily exchange various digital assets.

However, throughout 2022, there has been a significant surge in the utilization of self-custody wallets. These wallets allow individuals complete control over their digital assets and have become increasingly popular among cryptocurrency holders. 

Data collected in December 2022 showed that 15 million Bitcoin (BTC) were transferred into self-custody wallets throughout the year.

This significant influx of BTC into these types of wallets has also impacted the overall supply of Bitcoin, increasing the illiquid BTC supply to a staggering 78%.

The trend of individuals opting for self-custody solutions to store their digital assets is expected to continue to gain momentum in the coming years.

Also, it is worthy of note that even as the effect of the FTX explosion keeps dragging a lot of crypto-based companies to bankruptcy, other innovative companies and products are being birthed. 

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share62Tweet39Share11
Previous Post

Crypto Lending Platform Genesis, Files for Bankruptcy Protection

Next Post

Gamium: Creating The Ultimate Decentralized Social Metaverse Experience

Endurance Okpanachi

Endurance Okpanachi

Related Posts

Binance Returns to South Korea via GOPAX Exchange Acquisition
Latest News

Binance Returns to South Korea via GOPAX Exchange Acquisition

3 February 2023

Binance has, according to new reports, acquired control of Gopax, a South Korean cryptocurrency trading platform. The acquisition marks Binance's return to the South Korean market after leaving two years prior. The Industry Recovery Initiative, a co-investment project created...

Australia Publishes Whitepaper on Crypto Asset Classification
Latest News

Australia Publishes Whitepaper on Crypto Asset Classification

3 February 2023

In the wake of the worldwide crypto industry regulatory push, the Australian Treasury has published a public consultation on the taxonomy of crypto assets. The four main product categories relating to the cryptocurrency industry are proposed to be separated...

Reliance, India’s Leading Retailer, to Adopt Digital Rupee CBDC at Its Stores
Latest News

Reliance, India’s Leading Retailer, to Adopt Digital Rupee CBDC at Its Stores

2 February 2023

Reliance Retail, the largest retail chain in India, is set to begin accepting retail payments in digital rupee, which is expected to greatly boost the adoption of the country's central bank digital currency (CBDC).  The gourmet retail line, Freshpik,...

Former Bank of China Advisor Asks China to Rethink Crypto Ban
Latest News

Former Bank of China Advisor Asks China to Rethink Crypto Ban

2 February 2023

Huang Yiping, a former member of the Monetary Policy Committee at the People's Bank of China, believes that the Chinese government should re-evaluate the sustainability of the cryptocurrency trading ban in the long term. Yiping expressed his concerns about...

Swap Crypto

Markets Update

Bitcoin Dips Below $16.5K, Solana Records New Weekly Low, Down 23%

1 month ago

Solana Ends the Year on a Low

1 month ago

LUNA Classic (LUNC) Drops 8%, Bitcoin Dips to Weekly Low

1 month ago

Price Prediction for Nervos Network (CKB) 2023-2025-2030

1 month ago

VanEck Predicts Bitcoin To Drop Between $10K-$12K In Q1 2023

2 months ago

Tron’s Algorithmic Stablecoin, USDD Falls Below the 1:1 Dollar Peg

2 months ago
Read More

Spotlight

All about SolChicks

All about Algorand

All about Bitcoin

All about Goracle

Press Releases

Vybe Launches Bntyhntr: A Digitalized Treasure Hunt Product on the Algorand Chain

Vybe Launches Bntyhntr: A Digitalized Treasure Hunt Product on the Algorand Chain

byGuest Author
25 January 2023
0

...

BetDEX-Exchange-to-Launch-on-Solana-Mainnet-Ahead-of-2022-FIFA-World-Cup.jpg

BetDEX Exchange to Launch on Solana Mainnet Ahead of 2022 FIFA World Cup

byGuest Author
8 November 2022
0

...

BetDEX-Exchange-Becomes-First-Fully-Licensed-Sports-Betting-Exchange-on-Blockchain.jpg

BetDEX Exchange Becomes First Fully-Licensed Sports Betting Exchange on Blockchain

byGuest Author
1 November 2022
0

...

Metrika Partners with Axelar to Help Delegators Maximize Staking Rewards

Metrika Partners with Axelar to Help Delegators Maximize Staking Rewards

byGuest Author
12 October 2022
0

...

Y7 Marketing is Launching the First Decentralized Marketing DAO on Algorand

Y7 Marketing is Launching the First Decentralized Marketing DAO on Algorand

byGuest Author
17 August 2022
0

...

Read More
  • About Us
  • The Team
  • Careers
  • Contact
  • Partnerships

© Copyright 2022 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

No Result
View All Result
  • News
    • Latest News
    • Press Releases
  • Markets
  • Articles
    • Opinion
    • Explainers
    • Guest Posts
    • Sponsored Posts
  • Policy
  • Videos
  • Podcasts
  • Learn
    • DeFi Basics
    • Blockchain Fundamentals
    • Tutorials
    • Reviews
  • Research
    • Case Studies
  • Explore
    • NFTs
    • DAOs
    • Crypto Gaming
    • Metaverses
    • Web3
    • Stablecoins
    • CBDCs
    • DeFi
  • Markets Pro
    • DeFi Planet Pro
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version