News

Robinhood’s Web3 Wallet Now Adds Support For Bitcoin And Dogecoin Network

Robinhood’s-Web3-Wallet-Now-Adds-Support-For-Bitcoin-And-Dogecoin-Network

Key Points:

Robinhood has upgraded its Web3 wallet, enabling users to custody, send, and receive Bitcoin and Dogecoin.
It now offers in-app swaps on Ethereum for over 200 tokens, simplifying DeFi participation by eliminating the need to hold Ethereum separately.
The upgraded wallet supports multiple networks, including Bitcoin, Ethereum, Dogecoin, Optimism, and Polygon.

Robinhood, the investment platform, has unveiled a significant upgrade for users of its self-custody Web3 wallet. Now, those who utilize the wallet can engage with the Bitcoin and Dogecoin networks, facilitating custody as well as sending and receiving cryptocurrencies.

Robinhood’s Web3 Wallet Now Adds Support For Bitcoin And Dogecoin Network 2

The company’s announcement reflects the overwhelming response to Robinhood Wallet, which has garnered substantial adoption across more than 140 countries within six months of its public launch. Responding to user feedback, the company introduced several highly sought-after features.

Additionally, Ethereum network users can engage in in-app swaps, with a gradual rollout for over 200 tokens. This service will soon become universally accessible.

Remarkably, this offering enables users to swap tokens without holding Ethereum, while network fees are conveniently deducted from their existing token holdings, streamlining the DeFi experience.

Robinhood Wallet is a versatile multi-chain, self-custody Web3 wallet, extending functionality to Arbitrum, Bitcoin, Ethereum, Dogecoin, Optimism, and Polygon networks.

Users can conduct crypto swaps on Ethereum and Polygon while also accessing various decentralized applications (dApps). This platform combines its user-friendly design with potent tools, catering to the evolving needs of the Web3 generation.

Furthermore, the wallet empowers users with complete control over their crypto assets, enabling them to hold and manage private keys securely. This latest development from Robinhood demonstrates its dedication to enhancing the crypto experience for users worldwide.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.