The online broker Robinhood expanded the number of supported non-custodial Web3-wallet networks for Bitcoin and Dogecoin.
The initiative is driven by clients’ desire to hold more assets across a greater number of blockchains.
Earlier, users could receive, send and transfer on Ethereum and layer-2 networks — Arbitrum, Optimism and Polygon.
At the same time, Robinhood rolled out for select users the ability to swap Ethereum for more than 200 assets.
For paying fees, you can choose Ethereum or any token in the wallet.
Other customers will be able to access the new functionality in the coming weeks.
According to the company, the wallet is already used by hundreds of thousands of users in 140 countries worldwide.
“With Robinhood Wallet, we have removed many of the frictions of DeFi and the broader ecosystem Web3. The developers have also reduced some problems and barriers for ordinary people,” said Johann Kerbrat, CEO of Robinhood Crypto.
The company noted that since the solution’s launch in March 2023, developers have implemented a Web3 browser and fiat gateway.
A version for iOS is currently available. A version for Android devices will be released later this year.
On August 31, Arkham Intelligence researchers linked Robinhood to the third-largest Bitcoin address — 26,081 BTC (~$3.09 billion).
Earlier, Arkham Intelligence analysts tied Robinhood to the third-largest Bitcoin address — 26,081 BTC (~$3.09 billion).
In the second quarter of 2023, Robinhood’s revenue from digital asset operations year-over-year fell by 18.5%, to $31 million. The company held $12 billion in cryptocurrencies on behalf of clients.