Cryptocurrency and stock trading app Robinhood plans to curl out the beta version of its digital wallet feature starting in January 2022.

In a Wednesday blog postal service, Robinhood said tens of thousands of users currently on the waitlist for the trading app's crypto wallet would take access to the beta version starting in mid-Jan. The trading app said more than i.6 million people were waiting for the wallet, which will back up depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and other tokens.

The trading app has been testing its digital wallet characteristic since information technology was first appear in September, completing its first alpha transfer — using DOGE — on November. 22. Co-ordinate to Robinhood chief operating officeholder Christine Brownish, the beta rollout would be focused on the security of users, besides as providing education on crypto transactions and clarity effectually network and gas fees.

"While some say 2022 is the year that crypto went mainstream, the truth is that most people are withal familiarizing themselves with the asset course and how to navigate the blockchain," said Robinhood. "With the launch of wallets, we're thrilled to play a significant role in welcoming a broad range of investors to the cryptosphere for the very commencement fourth dimension."

Related: Some Salvadorans claim funds are missing from their Chivo wallets

The share price of Robinhood (HOOD) on the Nasdaq seemed to be unmoved past the recent proclamation. Get-go going public in July, the stock has steadily declined from an all-time high cost of $70.39 on Aug. 4 to $17.03 at the time of publication, a drop of more than 75%.