The job ad calls for engineers to join the company’s cryptocurrency engineering team, which is “building and creating new solutions around crypto investing, management, and security to our 4 million users.”
The giveaway for the Robinhood crypto wallet is a line in the crypto engineer’s job description:
- Build out new functionality for our crypto product, such as adding new currencies or providing wallet functionality.
While the traditional investment company has been around for years, Robinhood Crypto was only launched this year. It’s still in early stages, with limited states having access. These include Arizona, California, Colorado, Florida, Indiana, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin. Currently, Bitcoin and Ethereum can be traded on the platform.
Currently, Robinhood customers are limited to trading cryptocurrency within the platform. If they want to move crypto out of (or into) the platform, customers have to first sell the crypto, transfer the money to their trading platform of choice, and then purchase the crypto there. With a Robinhood crypto wallet, the process would become streamlined – customers can move their assets to and from other platforms and wallets at their own convenience.