Robinhood partnered with Chainalysis to develop a similar cryptocurrency wallet in early 2022.

Robinhood Cryptocurrency Exchange and Cryptocurrency Trading Platform Robinhood is affiliated with blockchain analytics firm Chainalysis. Chainalysis said its partnership with Robinhood Crypto will help meet the pre-announcement requirements for the crypto wallet, which are expected to be announced to all users as early as 2022.

Robinhood is also developing a special feature that allows users to send money in cryptocurrency to other gift users.

Robinhood uses solutions based on Chainalysis analysis to understand Knowledge-You-Business and its Chainalysis Reactor monitoring software, and uses Chainalysis certification work to achieve this.

Chainalysis says Robinhood Crypto will help create crypto wallets that meet the requirements. The wallet will be released in early 2022.

Robinhood COO Christine Brown announced in November that 1.6 million users of her platform have hosted the cryptocurrency wallet.

Many government agencies and private companies use Chainalysis technology to track legal and illegal transactions. He referred to the Chainalysis investigation when the US Treasury Department announced it would impose sanctions on the Czech and Russian cryptocurrency exchanges, Suex.