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Trading platform Robinhood Markets (HOOD) has started testing its crypto wallet after selecting 1,000 customers from its waitlist.
The test will be expanded to 10,000 customers by March and then rolled out to the rest of its WenWallets waitlist, which is over one million customers long.
In a blog post on Thursday the company announced the app will include a function where customers can calculate the dollar amount of crypto to send and receive. In the beta test, users will have a daily limit of $2999 in total withdrawals and 10 transactions. They will also need to activate two-factor authentication.
The beta test phase is exactly according to Robinhood’s roadmap, which called for it to start in early 2022
The testers will help Robinhood gathering the needed information on the wallet’s functionality before making it available to all its users.