Robinhood adds Bitcoin and Dogecoin to web3 wallet

August 31, 2023 04:39 AM AEST | By Invezz

Robinhood adds Bitcoin and Dogecoin to web3 wallet — Image source: Invezz

Access to in-app Ethereum swaps

Also revealed today is the in-app support for Ethereum swaps, which the company noted has already been rolled out to select users. The feature will comes with more than 200 tokens and will be enabled for all Robinhood Wallet users in coming weeks.

“Unlike other wallets, users can swap without holding Ethereum, and network fees are automatically deducted from the tokens they already hold, making it easier for everyone to get started and use DeFi,” Robinhood wrote in the blog post.

Today’s announcement follows the company’s unveiling of a fiat onramp that allows eligible US users to access direct crypto purchases and transfers via Robinhood Connect. There’s also a Web3 browser that allows users to interact with dApps directly from their wallet app.

Currently,Robinhood Wallet supports iOS users, but the company expects to extend availability to Android users later this year.

The post Robinhood adds Bitcoin and Dogecoin to web3 wallet appeared first on Invezz.

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