Earlier this year, cryptocurrency trading app Robinhood started offering commission-free cryptocurrency trading. At the moment for customers to transfer their cryptocurrencies in and out of Robinhood, they are required to sell them, move the money to the desired platform and then purchase the cryptocurrencies of their choice. Now, Robinhood is developing its own cryptocurrency wallet, which allows customers to transfer cryptocurrencies held in other wallets directly to the Robinhood trading platform without first selling these digital assets. Besides the ability to move cryptocurrencies around, having its own cryptocurrency wallet could also provide Robinhood customers a more secure way of storing their digital assets.
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