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Robinhood shareholders need crypto wallets and a hat



Retail shareholders of crypto-friendly buying and selling app Robinhood are demanding a crypto pockets together with a branded hat and hoodie, a public shareholders questionnaire revealed.

The general public query crowdsourcing platform Say, which was Robinhood’s first buy after it went public, enabled retail shareholders of Robinhood to ask and upvote questions in a Reddit-style interface. “Administration will handle a choice of essentially the most upvoted questions referring to Robinhood’s enterprise and monetary outcomes on the earnings name,” Say explains.

The highest query directed to the Robinhood administration by retail shareholders as of Aug. 18 was about introducing a crypto pockets inside the buying and selling app. The query, “Is Robinhood getting a crypto pockets?” was shared greater than 141,500 instances and acquired over 1,600 votes.

Robinhood at present lists a bunch of fashionable cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), Ether (ETH), Litecoin (LTC), Ethereum Basic (ETC), Bitcoin Money (BCH) and Bitcoin SV (BSV) for commerce on its platform.

Whereas the customers should purchase, promote and maintain listed cryptocurrencies inside the app, they can’t entry the cash themselves to switch them to different wallets because of the lack of a crypto pockets characteristic. The corporate introduced plans to supply crypto deposits and withdrawals method earlier than its preliminary public providing, however the characteristic is but to be launched.

Associated: Echoing GameStop saga, retail merchants gasoline Robinhood inventory value hike

Questions on Robinhood’s roadmap for a world growth and joint accounts got here in second and third locations on the platform, respectively. Apparently, the query “as preliminary investor, can we get a Robinhood hat and hoody jacket?” was the fourth hottest query with greater than 100,000 shares and 915 upvotes.

Following a clunky public debut on the Nasdaq inventory trade, Robinhood purchased Say Applied sciences in a $140 million money deal to bolster the connection between the corporate and its retail shareholders. The buying and selling app can also be engaged on a characteristic to shield traders from the volatility of cryptocurrencies.