Robinhood adds crypto giveaways feature

The popular Robinhood trading app adds the ability for cryptocurrency users to share with their friends and family. These features will be available to all users from December 22, except users in Nevada and Hawaii will not be able to use Robinhood Crypto.

Users can submit any of the 7 cryptocurrencies for less than $ 1, including Bitcoin (BTC), ETHereum (ETH), and Dogecoin (DOGE). The gift card has a unique design and you can send personal information. The provision of cryptocurrency is free.

After delivery, the recipient must accept the gift within 14 days. Otherwise, the money will be returned to the sender. If the recipient is a Robinhood customer, they will receive an in-app reward. Otherwise, you can create an account and then apply.

Robinhood Crypto CEO Christine Brown said in an email, “Giving consumers cryptocurrency is a great way to help friends and family eliminate the first steps in cryptocurrency. And financial problems for the future. "" For those who are already crypto fans, this is also a simple and straightforward gift. "

Over the past few quarters, cryptocurrency exchange rates have become Robinhood's main source of income.

Bloomberg first announced Robinhood's potential to deliver custom functionality from the beta of the iPhone app earlier this week.