Robinhood Wallet, the favored multi-chain, self-custody, Web3 pockets, has introduced new options to fulfill the calls for of its rising person base. In response to person suggestions, Robinhood Wallet now helps Bitcoin (BTC) and Dogecoin (DOGE), permitting customers to custody, ship, and obtain these cryptocurrencies.
Moreover, the platform has enabled on-app swaps on the Ethereum (ETH) community, with choose customers having access to over 200 tokens for swapping.
Robinhood Wallet Expands Crypto Assist
The introduction of Bitcoin and Dogecoin assist goals to offer customers with a broader vary of choices inside the pockets. Since its public launch six months in the past, Robinhood Wallet has witnessed adoption worldwide, attracting a whole lot of customers throughout greater than 140 nations.
Per the report, the current rollout of in-app Ethereum swaps on Robinhood Wallet paves the best way for customers to simply have interaction with decentralized finance (DeFi) with out the necessity to maintain Ethereum of their wallets.
As a substitute, community charges are routinely deducted from the tokens customers already possess, simplifying the swapping course of and decreasing obstacles to entry.
Johann Kerbrat, Common Supervisor of Robinhood Crypto, highlighted the corporate’s dedication to streamlining the DeFi expertise and increasing assist for varied networks and tokens.
Robinhood Wallet’s user-friendly design and highly effective options purpose to make Web3 know-how accessible to a broader viewers, in keeping with Kerbrat.
Robinhood Wallet’s present providing consists of assist for Arbitrum (ARB), Bitcoin, Ethereum, Dogecoin, Optimism (OP), and Polygon (MATIC) networks, permitting customers to personal, ship, and obtain crypto throughout these chains.
The pockets additionally facilitates crypto swapping on Ethereum and Polygon networks, enabling customers to connect with varied decentralized functions (dapps).
By offering customers full management over their belongings, Robinhood Wallet ensures that solely the customers possess and preserve the non-public keys to their cryptocurrencies.
Fiat Onramp By way of Robinhood Join?
A Web3 browser additional enhances the pockets’s performance by enabling direct connectivity to decentralized functions.
Based on the announcement made on August 30, Robinhood Wallet goals to proceed increasing its community assist, having already added Polygon, Arbitrum, and Optimism, with plans to broaden entry to different Layer 2 chains based mostly on person demand.
To boost accessibility for customers in america, Robinhood Wallet now presents a fiat onramp by means of Robinhood Join, permitting eligible customers to buy or switch crypto straight inside the pockets.
The platform has expanded its rewards program to incorporate studying rewards, enabling customers to earn USDC by finishing academic classes.
Nevertheless, customers are required to arrange biometric authentication or a customized PIN for app entry. They’re additionally instructed to create a secret restoration phrase, which grants them entry to their pockets and crypto holdings.
The corporate emphasizes the significance of storing the restoration phrase securely and refraining from sharing it with anybody, as the corporate by no means has entry to a person’s seed phrase.
Featured picture from iStock, chart from TradingView.com