2 Million Users On Waitlist As RobinHood Launches Cryptocurrency Wallets

Robinhood CPO, Aparna Chennapragada says the newly launched cryptocurrency wallets already have 2 million on its wait-list.

In an interview with Emily Chang of Emilychangtv, the CPO of Robinhood, Aparna Chennapragada spoke on the new features that have been added to the Robinhood app and how the company is making inroads into the cryptocurrency space.

According to Chennapragada, Robinhood has launched its cryptocurrency wallets and there are already 2 million customers waiting to sign-up. This is a testimony to the demand for the service among users.

Will RobinHood List Shiba INU?

On the possible listing of Shiba INu, the meme coin that everyone seems to be talking about in the crypto space, Chennapragada said that she was aware that the name of the token would come up.

However, she declined to talk about the listing of any particular coin, considering that such announcements usually have an impact on the price of listed tokens. She said that the company is putting measures in place to see that users gain access to tokens easily and in an inexpensive manner.

“We are systematically putting our building blocks in place to be able to enable great crypto products. It started with actually …like enabling access to coins in the most inexpensive way that you can be able to get into this emerging economy”

Robinhood just launched crypto wallets – and CPO Aparna Chennapragada says 2 million people are already on the waitlist. She tells @emilychangtv what to expect… #SHIB? https://t.co/zLC0RwmE6Z pic.twitter.com/s49EABB0qe

— Bloomberg Technology (@technology) January 21, 2022

Chennapragada also highlighted that making sure that the products of the company such as the new wallets, crypto gifting and financial advisory are easily accessible to users is a policy thrust of Robinhood.

More Crypto Features in Robinhood App

Another interesting addition of the company enables the users of the app to gain insight into the activities and roadmaps of companies that they’re interested in investing with. With the rising profile of digital assets, the Robinhood CPO said,

“You’ll see us continuing to play in this space”

She added that the emphasis of the company with respect to crypto investment is to make sure that users access and invest in them safely. She said that the company isn’t working in isolation but has developed its products in collaboration with the crypto community and its own customers.

Chennapragada said that with the addition of cryptocurrency-centered services, that the company is seeing a whole new set of customers.



Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.