In a major transfer aimed toward simplifying cryptocurrency transactions for customers, Robinhood has built-in with MetaMask, the world’s largest self-custodial web3 pockets.
The collaboration unveiled on Tuesday, February 6, will enable clients to buy cryptocurrencies seamlessly by way of Robinhood’s low-cost order engine.
Notably, the combination represents a major milestone in MetaMask’s steady endeavour to advance web3 adoption, offering customers with seamless, safe, and self-custodial onboarding to the ecosystem. For context, self-custodial options like MetaMask empower cryptocurrency customers to retain full management over their digital property.
By merging MetaMask’s self-custodial capabilities with Robinhood’s user-friendly platform, clients should buy crypto property by way of MetaMask’s Purchase Crypto function, simplifying the method throughout a number of service suppliers.
Lorenzo Santos, Senior Product Supervisor at Consensys, the agency behind MetaMask, expressed pleasure concerning the integration, stating, “The mixing between MetaMask and Robinhood is an thrilling step in our shared dedication to cut back friction for customers searching for entry to a self-custodial possibility.” He additional emphasised the significance of giving customers higher management and possession over their digital property.
Seong Lee, Head of Product at Robinhood Crypto, echoed this sentiment, emphasizing Robinhood’s mission to democratize finance and cut back consumer friction. Lee highlighted the seamless expertise offered by Robinhood Join, permitting current clients to fund their self-custody wallets conveniently.
The announcement comes in opposition to the backdrop of shifting consumer preferences within the digital panorama. A 2023 international survey carried out by Consensys revealed a rising need amongst web customers for extra management over their on-line identities and possessions, underscoring the vital necessity of streamlining accessibility to self-custodial providers.
In the meantime, the latest collaboration between MetaMask and Robinhood will streamline the method for new customers to amass property such as Shiba Inu, one of the vital actively traded cryptocurrencies on the platform.
Regardless of being a conventional buying and selling platform, Robinhood has supported the SHIB group since itemizing the meme coin mid-2022. It’s value noting that in early January final 12 months, Robinhood started assist for SHIB alongside with different notable cryptocurrencies such as Solana (SOL), Polygon (MATIC), with its Web3 pockets. Notably, in latest months, the change has additionally been accumulating billions of Shiba Inu (SHIB) propelling SHIB to grow to be the third-largest crypto asset it holds.
At press time, SHIB was buying and selling at $0.000009423 reflecting a 7% surge since Tuesday.