Robinhood Financial officially rolled out its cryptocurrency wallet on Thursday, giving access to more than 2 million customers that were on a waiting list for the digital product.
Chief Product Officer Aparna Chennapragada made the announcement as part of the Bitcoin 2022 conference in Miami and said in an interview at the event that the product shows the company's commitment to the crypto space.
"You'll see us play a very active role in crypto and shaping it," Chennapragada said.
The company's wallet enables users to interact with crypto outside of Robinhood's trading platform, such as allowing them to buy nonfungible tokens, according to Chennapragada.
The product was first announced in September, not long after Robinhood Chief Executive Vlad Tenev said that a crypto wallet was in high demand among customers during the company's second-quarter earnings call.
Robinhood first began testing the wallet among users in the fall and made changes based on their feedback, such as adding visualizations that help explain the steps of a crypto transaction, Chennapragada said.
