Robinhood Wallet has introduced assist for brand spanking new digital currencies practically six months after its preliminary launch, providing customers with a variety of choices.
In an Aug. 30 weblog submit, Robinhood confirmed assist for Bitcoin (BTC) and Dogecoin (DOGE) for all courses of customers. Going ahead, customers of the self-custody pockets can maintain and ship BTC and DOGE, with the agency hinting at assist for extra belongings.
Other than Bitcoin and Dogecoin, Robinhood customers can work together with varied networks, together with Optimism, Polygon, Ethereum, and Arbitrum.
Moreover, Robinhood Wallet unveiled in-app Ethereum swaps for 200+ belongings, open to solely a choose class of customers. The corporate disclosed that the brand new swap characteristic is an try and introduce its clients to decentralized finance (DeFi) with community charges robotically deducted from token holdings.
“With Robinhood Wallet, we stripped away most of the complexities of DeFi and the broader Internet 3 ecosystem and decreased a number of the challenges and obstacles to entry for on a regular basis individuals,” remarked Johann Kerbrat, head of Robinhood Crypto.
“We’ve been actually inspired by the adoption to date and are excited to maintain constructing for our clients all over the world as we ship new options and increase assist for brand spanking new networks and tokens,” added Kerbrat.
Previous to the introduction of the in-app swap characteristic, Robinhood Wallet customers relied on ox API, a decentralized alternate aggregator, to make token swaps.
BTC and DOGE are having fun with the highs of a worth pump, with the most important digital forex buying and selling effectively above the $27K mark after a correction scare early within the week. DOGE is up by 2% on the 7-day charts, whereas buying and selling volumes have spiked by over $1 billion in the identical window.
Rolling out options for its rising consumer base
Since its launch, Robinhood says the Wallet has racked up tons of of 1000’s of customers in over 140 nations. Within the six months of its existence, Robinhood has launched a number of options for the Wallet, together with a Web3 browser to permit entry to decentralized functions (DApps).
Early within the yr, Robinhood Wallet introduced that choose customers could make use of a brand new Join Function to buy digital belongings utilizing a fiat onramp.
With an increasing rewards system, upgraded safety techniques, and assist for brand spanking new cryptocurrencies, the agency has expressed confidence in changing into an trade chief within the close to future.