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TipRanks 2022-09-28 08:52:13

Robinhood Markets (NASDAQ:HOOD) Unveils Crypto Wallet with Zero Fees for Select Users

Shares of Robinhood Markets (NASDAQ:HOOD) gained 4% on September 27 after the company announced the roll-out of the latest non-custodial crypto wallet to selected 10,000 customers. With the help of the new “beta launch” of the Robinhood Wallet, customers will enjoy complete custody of their funds and will be able to trade as well as swap crypto. They can also earn crypto rewards, and store and track their blockchain portfolios. Unlike its peers like Coinbase Global (COIN), Robinhood Markets will not charge its customers a network fee for transactions. Services like viewing and trading nonfungible tokens (NFTs) will not be available for now but may be added later.

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