Stock trading platform Robinhood has announced the launch of a new featured app that will act as a wallet for NFT and cryptocurrencies. In the announcement made yesterday, it was said that Robinhood is developing a new standalone Web3 wallet app.
Robinhood Competes With Metamask and Coinbase
Robinhood, which stepped into the cryptocurrency industry last year, also stepped into the crypto wallet market and competed with major projects such as Coinbase, Metamask, Trezor, Ledger and Trust Wallet. Competition will intensify as GameStop plans to launch its own crypto wallet and NFT market.