Users of Robinhood’s self-hosted Web3 wallet can now use the Bitcoin and Dogecoin networks to host, send and receive cryptocurrencies, investment platform Robinhood revealed Wednesday.
In-app Ethereum swaps also started rolling out today. The company said the in-app Ethereum exchange for more than 200 tokens began rolling out to select users today and will be available to everyone in the coming weeks.
Unlike other wallets, users do not need to hold Ethereum to exchange, and network fees will be automatically deducted from the tokens they already hold, making it easier for everyone to get started and use DeFi.
It is reported that Robinhood Wallet is a multi-chain, self-custody, Web3 wallet, which now allows users to own, send and receive cryptocurrencies on the Arbitrum, Bitcoin, Ethereum, Dogecoin, Optimism and Polygon networks, exchange on Ethereum and Polygon Cryptocurrency, and connect a wide range of decentralized applications.