Trading app Robinhood has opened up a waitlist to test a crypto wallet for users to concord their tokens.

Co-ordinate to a Wednesday blog mail, Robinhood plans to start testing a digital wallet feature on its app that enables users to send and receive cryptocurrencies in October. The move may encourage more Robinhood users to use the app for crypto trading, as information technology currently simply allows them to buy crypto with United states dollars and trade on the platform — users tin can't deposit or withdraw in crypto.

Robinhood did not specify which tokens the digital wallet would support, simply the app currently provides commission-free trading for Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSV), Dogecoin (DOGE), and Ethereum Classic (ETC). The company said it planned for the wallets to have security features, including identity verification, multi-factor authentication, and email and phone verification "to keep coins safe from hacks and other threats."

The trading app experienced a surge in popularity earlier this year, likely due to retail investors from Reddit purchasing DOGE in an attempt to pump upwards the price. Since that time, Robinhood has fabricated more options available to crypto traders, including a recurring investment feature that allows users to buy multiple crypto assets on a daily, weekly, bi-weekly or monthly footing.

Related: Robinhood's crypto business explodes in the get-go quarter despite GameStop controversy

Robinhood debuted crypto trading three years ago, with trading book growing significantly in the concluding yr. The visitor generated $five million in crypto trading services for all of 2022, simply $233 million in the 2d quarter of 2022 — this represented 41% of its $565 one thousand thousand quarterly acquirement.