Robinhood says 1.6 million people now on crypto wallet waitlist

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The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City

NEW YORK – Robinhood Markets now has 1.6 million people on the waitlist for its cryptocurrency wallet, up from 1 million just a few weeks ago, Christine Brown, chief operating officer of Robinhood Crypto, said on Tuesday.

The retail broker’s crypto wallet, which will allow its users to move supported digital currencies in and out of their brokerage accounts, is on track to be launched late in the first quarter of 2022, Brown said at a conference held by Decrypt and Yahoo Finance.

(Reporting by John McCrank; Editing by Chris Reese)