Dogecoin And Bitcoin Become Latest Additions To Robinhood Wallet
31 Agosto 2023 - 2:00PM
NEWSBTC
After a long stretch of only offering Polygon (MATIC) in its Web3
wallet, Robinhood shocks the crypto space with its announcement
that it is adding two prominent cryptocurrencies, Bitcoin and
Dogecoin, into its wallet offerings. Dogecoin And Bitcoin Now
Available On Robinhood Wallet California-based financial services
company Robinhood has announced its new listing of Dogecoin and
Bitcoin in its self-custodial Web3 wallet, Robinhood Wallet.
The press release comes as a thrilling surprise for cryptocurrency
investors, as users can now have access to BTC and DOGE tokens
through their Robinhood wallets. Related Reading: This Metric
Indicates Shibarium Is Growing Rapidly Following Its Public Launch
Responding to its users’ pleas, Robinhood Wallet revealed that it
was adding Bitcoin and Dogecoin blockchains, which means it now
supports a total of six blockchain networks, including Polygon,
Optimism, Ethereum, and Arbitrium. The financial services
firm has also launched a Web3 Browser which will allow its users to
link their wallets directly to decentralized applications
(dApps). Christine Brown, Robinhood’s Head of Crypto spoke
enthusiastically on the newly added tokens in the Robinhood Wallet.
She stated that the two tokens were one of the most prominent
cryptocurrencies in the space and the financial services firm looks
forward to its users to benefit from trading and investing in the
newly listed cryptocurrencies. “We’re excited to add Bitcoin
and Dogecoin to Robinhood Wallet. These are two of the most popular
cryptocurrencies in the world, and we’re glad to give our users the
ability to store, send, and receive them,” Brown stated.
Robinhood Crypto GM, Johann Kerbat also welcomed the new addition
to the Robinhood wallet. He stated that the Robinhood wallet aims
to facilitate adoption and reduce the challenges faced by the DeFi
ecosystem. He explained that Robinhood will continue to
satisfy its user’s needs as it advances and improves its platform
with more unique features. “With Robinhood Wallet, we
stripped away many of the complexities of DeFi and the broader Web3
ecosystem, and reduced some of the challenges and barriers to entry
for everyday people,” Kerbat said. He added, “We’ve been
really encouraged by the adoption so far, and are excited to keep
building for our customers around the world as we ship new features
and expand support for new networks and tokens.” HOOD stock price
sitting above $11 | Source: Robinhood Markets, Inc. on
Tradingview.com Robinhood Wallet Adoption Poised For Increase
Following In-App Ethereum Swap Feature Earlier in 2022, Robinhood
launched a beta version of its crypto wallet and the demand for the
wallet was staggering, with over 2 million users on the waitlist.
Currently, the Robinhood Wallet boasts hundreds of thousands of
users based in more than 120 countries around the globe. The
Robinhood Wallet will be offering in-app swaps on Ethereum for
selected users, allowing them to trade their ETH for over 200
different ERC-20 tokens available on the platform. The wallet is
currently available for all users in the United States. Related
Reading: GBTC Shares See Volumes Climb To 2-Year High Amid
Grayscale’s Victory Lap In a blog post, Robinhood described the new
Ethereum swapping feature now available on its Robinhood Wallet,
saying: “Unlike other wallets, users can swap without holding
Ethereum, and network fees are automatically deducted from the
tokens they already hold, making it easier for everyone to get
started and use DeFi.” The Robinhood Wallet is available for iOS
users to trade and swap cryptocurrencies. The financial services
company also previously listed USDC, its first stablecoin, in its
portfolio, potentially closing the gap with the stablecoin’s major
competitor, USDT. Featured image from PYMNTS, chart from
Tradingview.com
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