HomeCoinsEthereumRobinhood Pockets Expands Crypto Providing to Add Bitcoin, Dogecoin, and Ethereum Swaps

Robinhood Pockets Expands Crypto Providing to Add Bitcoin, Dogecoin, and Ethereum Swaps

Robinhood Pockets, a multi-chain, self-custody, Web3 pockets, has expanded its choices to incorporate help for Bitcoin (BTC), Dogecoin (DOGE), and in-app Ethereum (ETH) swaps.

The transfer follows its international launch six months in the past, which, in response to the corporate, attracted lots of of hundreds of customers throughout 140 international locations.

With the brand new replace, Robinhood Pockets now offers custody, ship, and obtain capabilities for Bitcoin and Dogecoin.

Moreover, Robinhood Pockets can be delving into the decentralized finance (DeFi) sector, enabling in-app swaps on the Ethereum community, the corporate stated in an announcement on its web site.

On this preliminary part, a choose group of customers can have entry to greater than 200 tokens for swapping, with plans to increase this function to a broader viewers within the close to future.

Beforehand, Robinhood Pockets customers may solely swap property via the decentralized trade aggregator 0x API.

“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,” stated Johann Kerbrat, the Common Supervisor of Robinhood Crypto.

Earlier this 12 months, Robinhood launched Robinhood Join, an replace that enables customers of its crypto pockets to entry their credentials and funds instantly from DeFi protocols and purposes—all with out having to open the Robinhood app itself.

In keeping with Kerbrat, Robinhood has up to now been “really encouraged” by the adoption of its crypto choices, intending “to keep building for our customers around the world.”

The Robinhood Pockets is at present accessible to all iOS customers, whereas Android help is anticipated to be launched later this 12 months, with the platform introducing the choice to register for the waitlist

The announcement comes on the heels of Robinhood releasing its operational knowledge abstract for July 2023, which revealed a big 38% lower in complete buying and selling quantity in comparison with the earlier 12 months.

The corporate has additionally skilled a 18% lower in crypto buying and selling income within the second quarter, which fell to $31 million.

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Supply: https://decrypt.co/154418/robinhood-wallet-expands-crypto-offering-add-bitcoin-dogecoin-ethereum-swaps


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