Robinhood to Add Crypto Gifting Feature, Brazil Stock Exchange to Enter Crypto Space in 2022

December 14, 2021

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Code discovered in a beta version of Robinhood’s iPhone app reveals the popular no-fee trading platform is thinking about adding a feature that allows clients to send cryptocurrency to each other via digital gift cards, according to a Bloomberg report.

Crypto Gift Cards can be Accompanied by Messages up to 180 Characters

On Monday, cryptocurrency tracing firm Chainalysis announced it will give data and compliance tools to Robinhood’s online crypto trading service.

The cards can be accompanied by messages up to 180 characters in length, and the money can be retracted any time before it is accepted by the recipient, according to Bloomberg. The code was found in a beta version of the app by engineer Steve Moser that was shared with Bloomberg. In the past, beta versions of Robinhood’s apps have revealed features, for example, support for crypto wallets, Bloomberg composed.

Commissions from crypto trading have turned into an increasingly significant wellspring of revenue for Robinhood in ongoing quarters.

Brazil Stock Exchange to Enter the Crypto Market in 2022

Brazil’s just stock exchange, B3, plans to enter the cryptocurrency market in 2022, InfoMoney revealed, refering to a December 10 presentation from B3 President Gilson Finkelsztain. In October, Brazil’s Central Bank said that B3 could fill in as the blockchain leader for the smart contract system of a digital real central bank digital currency

B3 is investigating opportunities in the asset tokenization, digital asset authority and crypto-as-a-service (CaaS) sections, InfoMoney revealed. The San Pablo-based stock exchange is also considering services to facilitate over-the-counter (OTC) trading and access to liquidity centers.

B3 hopes to launch a crypto exchange-traded fund (ETF), although it didn’t establish which index a potential ETF would replicate. Brazilian companies have launched five crypto ETFs. 


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