ROBINHOOD, the investor trading platform made infamous by the Gamestop incident, has announced it will roll out crypto wallets to customers amid surging demand.

The trading platform, which lets nonprofessional investors purchase options, shares and crypto through its flagship mobile app, saw cryptocurrency transactions volume surge from to $233m in the second quarter of 2021 - up from $5m a year prior.

In a statement, the company confirmed that testing for a new crypto wallet would begin next month, causing the share price to jump to highs of $46.25, up 9.4 per cent on the previous close.

(c) 2021 City A.M., source Newspaper