Well-known crypto and stock trading app Robinhood reportedly has plans down its pipeline to introduce the beta version of its digital wallet feature, beginning January next year.

Specifically, Robinhood reportedly revealed that tens of thousands of users have reportedly registered to be on the waitlist at the moment, anticipating tapping into the beta version of the trading app’s crypto wallet – to be rolled out in mid-January. 

The trading app further disclosed that over 1.6 million individuals are anticipating the wallet, which will offer facilitating features for depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and other tokens.

The trading app has reportedly been running testing for its digital wallet feature since the initial announcement in September, finalizing its first DOGE-enabled alpha transfer on November 22nd. 

Per Robinhood chief operating officer Christine Brown, the beta introduction is reportedly going to revolve around the security of users, together with offering educational knowledge on crypto transactions, as well as clarity related to network and gas fees.

“While some say 2021 is the year that crypto went mainstream, the truth is that most people are still familiarizing themselves with the asset class and how to navigate the blockchain,” 

“With the launch of wallets, we’re thrilled to play a significant role in welcoming a broad range of investors to the crypto sphere for the very first time” Robinhood further claimed. 

The share price of Robinhood (HOOD) on the Nasdaq is reportedly to have no movements regardless of the new development surfacing. Initially going public back in July this year, the stock has gradually gone down from a record high of $70.39 on Aug. 4 to $17.03 at the time of publication, a plummet of over 75%.