Robinhood is backing crypto with plans to offer new crypto features as IPO looms

Robinhood CEO Vlad Tenev has admitted that the company is working hard to implement more crypto-friendly features.

The stock trading app which has shifted gears to begin offering cryptocurrencies saw huge success in early 2021. With the company seeing huge revenues generated from Dogecoin (DOGE) trading. DOGE accounts for an impressive 34% of crypto revenue, while also making up 6% of the firm’s overall revenue.

Tenev has previously hinted in a fireside chat that the company will possibly be working on crypto wallets. “We’ve been doing a lot of work behind the scenes to provide our crypto customers with the functionality that they’ve been asking for,” he stated.

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