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Brokerage app Robinhood will allow customers to deposit and withdraw cryptocurrencies, Reuters reported. That will include the meme-based dogecoin. Currently, Robinhood doesn't invest in cryptocurrency or use any customer cryptocurrency for its own benefit.
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The GameStop incident that occurred in late January, with Robinhood and other brokerages shutting down trading on some stocks like GameStop and AMC to help get the market back under control after retail investors managed to skyrocket the value of those stocks, is still seeing talk and investigations. Now, as Congress investigates the matter, Robinhood along with Melvin Capital and Citadel Securities will appear before the government to discuss what happened.
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