@$66427: Robinhood Hits 1.6 Million People in Crypto Wallet Waitlist

On Tuesday, Robinhood, a leading trading platform, announced that almost 1.6 million people are already on the waitlist for its forthcoming cryptocurrency wallet. According to Reuters, citing Christine Brown, Chief Operating Officer at the company, the figure is up from 1 million posted just a few weeks ago.

The service is set to be launched in the first quarter of 2022, which will allow Robinhood users to move supported virtual currencies in and out of their accounts. However, the executive didn’t provide further details about the matter during a conference held jointly by Decrypt and Yahoo! Finance.

Last week, Robinhood announced that it supports Directed Share Programs (DSPs) through IPO Access. The service allows retail investors to buy shares at the IPO price. The feature looks forward to the company to reserve a portion of IPO shares for a specific group of people. Then, the platform will distribute these shares to select individuals through the program, Robinhood added.

Data Breach

Still, the platform was in trouble on Sunday after a data breach was reported. It reportedly took place on November 3, resulting in the exposure of the personal details of millions of customers.