Robinhood, the stock and crypto trading application turned into the subject of rumors June 26 after the company posted a job ad for multiskilled cryptocurrency engineers.
The opportunity, which comes one month after Robinhood raised $363 million to extend its Robinhood Crypto spin-off, makes particular reference to wallet production, prompting theory from analysts it intends to offer its own in-house storage alternative.
“What has been created so far only scratches the surface of how Robinhood envisions cryptocurrencies to play a role in our user’s lives,” the description reads.
“The cryptocurrency team is responsible for pioneering how Robinhood integrates with the various blockchains and networks as we expand our features.”
In particular, prospective applicants will be required to “build out new functionality… such as adding new currencies or providing wallet functionality,” and “utilize blockchains for new features or infrastructure.”
Prior to this month, unknown sources near Robinhood revealed to Bloomberg designs were also afoot to acquire a US banking license, with “constructive talks” progressing amongst executives and regulators.
The two digitals together would put Robinhood in a situation to contend with market stalwart Coinbase which, as Cointelegraph revealed in May, is also looking for banking rights.
Cointelegraph has contacted Robinhood for an official statement on the rumors and will update this article with the company’s editorial.