Crypto and stock trading platform Robinhood announced the launch of Robinhood Wallet, a self-custody, Web3 wallet, with Polygon (MATIC) as its first supported blockchain.
Robinhood launched the beta version of its Web3 wallet on iOS. It is being made available to the first 10,000 users who joined the waitlist in May 2022. Hosted first over the Polygon blockchain, Robinhood Wallet allows users to trade and swap cryptocurrencies with no network fees.
Sharing his thoughts on the crypto wallet’s launch, Johann Kerbrat, chief technology officer of Robinhood Crypto, Robinhood’s crypto trading platform said:
“Like we did with the stock market, Robinhood Wallet strips away some of the complexities of web3 and DeFi to make crypto more accessible to everyone.”
For Robinhood, Polygon, as a blockchain network of choice, additionally offers scalability, speed, low network fees and a robust developer ecosystem. Robinhood’s symbiotic relationship with Polygon dates back to August 2022, when the...
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