Over 1,000,000 Crypto Customers on Waitlist for Robinhood’s Highly-Anticipated Web3 Wallet

Robinhood CEO Vladimir Tenev says the number of people who want to get early access to the retail trading platform’s Web3 wallet has already surpassed 1 million.

The California-based firm opened a waitlist for beta testers in May after announcing that it is launching a multichain, non-custodial crypto wallet that will allow users to trade crypto, access decentralized apps (DApps), do yield farming and store non-fungible tokens (NFTs), among others.

Tenev now reveals approximately how many people are waiting on the sign-up list.

“Big update! We hit over 1 million sign-ups on the waitlist. Beta testing will commence in the coming weeks.”

According to Tenev, the wallet, which will be rolled out as a standalone app, will give customers access to web 3.0 and allow them to manage their own crypto keys.

“At Robinhood, we believe that crypto is more than just an asset class. By offering the same low cost and great design that people have come to expect from Robinhood, our web3 wallet will make it easier for everyone to hold their own keys and experience all the opportunities that the open financial system has to offer.”

Robinhood expects to make the wallet available for all its customers by the end of 2022, but beta testing will commence in late summer.