Is Robinhood Launching Its Own Crypto Wallet?

Crypto Wallet

Robinhood, a finance and stock trading app has started to raise eyebrows in the crypto news community when it announced a recruitment program for topnotch cryptocurrency engineers.

The firm claims to be the fastest-growing brokerage ever backed by a capitalization of $539M from top-tier investors — DST Global, NEA, Index Ventures, Thrive Capital, Sequoia, and KPCB.

The career opportunity was opened approximately a week after the company announced that they have “signed up over a million new users” after adding a cryptocurrency option to their service. The job posting called for adding new currencies or providing wallet functionality causing observers to wonder if the app will be operating its own storage.

The company, in its announcement, is forming a team to develop new blockchain solutions to invest, manage, and secure crypto investments for its 4 million customers.

The job placement stated further that they are offering people who make the cut an opportunity to have an inside look at the US financial system, help the company maintain high-quality engineering standards, and expand an investing business into the cryptocurrency space.

The company added cryptocurrency to its service options after receiving a $363M funding in May.

Related Cryptocurrency News