Robinhood launches the stand-alone app which allows the custody of users and their NFT and cryptocurrencies thereby putting it exactly in competition. With self-custody wallets even will help to accelerate the international launch of company. This is the firm of brokerage and NFT their latest move in the digital assets since it looks for the growth which is beyond trading of stock. With the shares of company that is down 88% from the level that is all-time high.
Keys to the NFT and Robinhood!
The trading along with investing company that announce from Tuesday it allows the users hold with the custody with own Non Fungible Token or NFT and cryptocurrencies. It is in the separate or the stand-alone app. This is latest move in space of digital asset for Robinhood since it attains the growth. On the other hand, the shares of the company are almost 70% off since the price or rate of the IPO.
Even new app also may put Robinhood squarely in the competition along with the start-ups. Also, the mobile and their wallets of self-custody in the U.S.
Knowing and connecting with Marketplace
This app will allow the users to simply store the NFT. Also to simply connect to Non Fungible Token marketplaces along with “decentralized” stock exchanges. This will even let the users earn yield through different platforms. It also access to the great “variety” of crypto assets.
Those who holds, or the “custodies,” where cryptocurrency has also become the contentious question in this industry. It also leads to fueling of viral phrase “not just the keys, not the coins.” Few people also fear to store the assets on the exchange which makes them highly vulnerable for censorship.
This has also topped Disruptor list, made their name through providing the commission-free kind of stock trading.
