Retail-trading platform Robinhood is reportedly testing a long-awaited digital wallet characteristic that enables users to ship and receive crypto avails such as Bitcoin (BTC).

Bloomberg reported the rumor on Tuesday, with the publication claiming to accept seen screenshots of a withdrawal interface in a beta version of the wallet feature in Robinhood's iOS app.

While details are sparse, Bloomberg also claims to have seen a waitlist where users will be able to sign upwards for the new digital asset wallet. "The app also has code referring to cryptocurrency transfers," the report added.

Robinhood users are currently only able to purchase crypto with U.s.a. dollars and merchandise digital assets on the platform, as the app does not back up crypto deposits and withdrawals.

Robinhood's crypto traders take long badgered the company to introduce deposit and withdrawal functionality for digital assets, with the calls having grown this year equally peppery-eyed Dogecoin fanatics converged on the platform.

In an Aug. nineteen quarterly earnings phone call, Robinhood CEO Vlad Tenev announced that the house was finally exploring introducing a crypto wallet.

"I know there'southward been a ton of enthusiasm from the crypto community and the Dogecoin community in particular in getting access to wallets," Tenev stated, emphasizing the firm'due south excitement to launch the new feature.

Robinhood first launched Bitcoin (BTC) and Ether (ETH) trading services in 2022 for customers in five U.S. states. Robinhood has since expanded its altcoin back up and currently allows traders based in all but 4 U.Due south. states to access its crypto features.

Crypto services accept get a significant part of Robinhood's revenue in 2022, with its Q2 written report showing that effectually 41% of its $565 million in revenue was from crypto trading. By contrast, the business firm generated $v 1000000 from crypto trading for the entirety of 2022.

Before this month, the firm expanded its crypto offerings past launching a recurring crypto investment feature allowing users to dollar cost average into crypto positions.

Related: PayPal reportedly looks to have on Robinhood with stock trading

Robinhood is non alone in looking to expand its support for crypto, with an increasing number of mainstream firms announcing moves to enable digital nugget payments.

Cointelegraph reported on Thursday that AMC Entertainment plans to accept picture ticket payments in ETH, Litecoin (LTC) and Bitcoin Cash (BCH) by 2022. The company already appear plans to support Bitcoin payments in August.

On Wed, software giant Adobe likewise announced that merchants using its Adobe Commerce production volition be able to have cryptocurrency payments via PayPal from the 4th quarter of this year.