NewsletterRobinhood Wallet Now Supports Bitcoin, Dogecoin; Ethereum Swaps Enabled
Robinhood Wallet on Wednesday, August 30, 2023, announced the addition of some of the most sought after features from its users. The company had in September 2022 launched its non-custodial crypto wallet, with limited features and initially supporting only Polygon.
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Robinhood Wallet Support for Bitcoin and Dogecoin
The company had announced it was launching custody, send, and receive support for Bitcoin and Dogecoin to all users. The Wallet had also enabled in-app swaps on the Ethereum network. With this, users can now own, send, and receive crypto on Arbitrum, Bitcoin, Ethereum, Dogecoin, Optimism, and Polygon networks. Besides, they can swap crypto on Ethereum and Polygon, and connect to a wide range of decentralized applications (DApps).
In a statement, the company said it was encouraged by the adoption and hence expanded support for new networks and tokens. Johann Kerbrat, the general manager of Robinhood Crypto, said,
“We have 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.”
Further to the wallet feature additions, the company has also recently launched a Web3 browser that allows users to connect to dApps directly from the wallet. Currently, the Robinhood Wallet is available to all iOS users whereas the support for Android devices is expected to be added later in 2023. The company said Android users can join the waitlist so that they can be notified when it becomes available.
Demand For Layer 2 Blockchain Access
The Robinhood team said that adhering to the user demand, the company is “Actively working to broaden access to other low-cost, fast, and secure Layer 2 chains that users have asked for.”
Also Read: Bloomberg Analysts Up U.S. Spot Bitcoin ETF Approval Odds To 75%
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