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Robinhood Markets Inc\u2019s<\/strong> (NASDAQ:HOOD<\/a>) Cryptocurrency Chief Operating Officer Christine Brown<\/strong>\u00a0in an interview with Decrypt<\/a> hinted that the platform might let its user dabble in decentralized finance or DeFi.<\/p>\n What Happened: <\/strong>Brown told Decrypt\u00a0the move to let users move cryptocurrencies like Bitcoin<\/strong><\/a> (CRYPTO: BTC)\u00a0and Dogecoin<\/strong> (CRYPTO: DOGE) that they own off the Robinhood app is leading to \u201copening up a broader crypto ecosystem.\u201d<\/p>\n See Also: How To Buy Dogecoin (DOGE)<\/a><\/em><\/p>\n \u201cIt also enables users who want to consolidate on a single platform to come to Robinhood, get commission-free trading, and all the benefits that we have on our app.\u201d<\/p>\n In an interview with Decrypt this week, Brown pointed out that Robinhood would like to bring its customers the utilitarian aspects of cryptocurrency while talking about opening up DeFi exploration.<\/p>\n \u201cWe would love to give more opportunities for our customers,\u201c Brown said at the Messari Mainnet event this week.<\/p>\n As per the executive, this would \u201cactually make [crypto] a utility in their lives and not just an investment asset,\u201d reported Decrypt.<\/p>\n Why It Matters:<\/strong> At the event, Brown and fellow Robinhood executive Johann Kerbrat<\/strong> did not spell out the exact details but dropped hints on allowing DeFi.<\/p>\n See Also: <\/em>Wen Wallets? Robinhood Teases Crypto Wallets With New Website<\/em><\/a><\/p>\n Kerbrat said, \u201cWe can’t tell too much about our roadmap, but something I’m really excited about is staking in general,\u201d\u00a0pointing\u00a0to rising inflation and non-yield-producing savings account<\/p>\n Brown also reportedly hinted at non fungible token or NFT<\/strong> support if it was warranted by customer demand.<\/p>\n Robinhood is set to test cryptocurrency wallets with blockchain transfers next month with a broader rollout due in early 2022<\/strong>.<\/p>\n Customers of the platform have been requesting cryptocurrency wallet features in order to participate in NFT and decentralized finance markets.<\/p>\n Read Next: <\/em>Why Should Robinhood Have All The Fun? ‘Dogecoin To The Moon,’ Says Rival Gemini’s Tyler Winklevoss<\/em><\/a><\/p>\n<\/p><\/div>\n