Tue. May 28th, 2024

Robinhood introduced Wednesday that its self-custodial crypto pockets app is now for all customers on iOS. The pockets first debuted final September in beta with 10,000 customers and no community costs for swapping Polygon’s MATIC tokens. In January, the corporate rolled it out to over 1 million customers on the waitlist.

Whereas the app first launched solely with Polygon, the corporate has now included the Ethereum blockchain within the fold together with assist for greater than 50 ERC tokens like COMP, MATIC, SHIB, SOL, UNI, USDC, and extra.

“Customers informed us they need entry to extra cash on extra chains, which is why we’ve rapidly added assist for Ethereum. Whereas we acknowledge it’s been a tumultuous few months within the crypto area, we stay dedicated to our mission to make Robinhood probably the most trusted, lowest price, and the easiest-to-use on-ramp to crypto,” Johann Kerbrat, GM of Robinhood Crypto, stated in a weblog submit.

The Robinhood Pockets additionally lets customers maintain their Polygon and Ethereum-based NFTs. Plus, they will entry to dApps like Uniswap, Balancer, and Kyberswap. The corporate famous that it’s going to nonetheless not cost any community charges on Polygon.

The fintech firm stated that for safety, customers should arrange a FaceID/Contact ID unlock or a customized PIN to entry the app each time. Plus, identical to different self-custodial wallets like MetaMask, customers should generate and retailer a restoration phrase.

Robinhood stated that the app is accessible throughout 130 nations on the Apple App Retailer, and it’s engaged on launching the Android model later this 12 months.

Earlier this week, the US Safety and Exchanges Fee (SEC) subpoenaed the corporate over its cryptocurrency dealings. In the meantime, robo-advisor firm Wealthfront launched has launched a rival inventory buying and selling answer that lets customers make investments as little as $1.

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