Robinhood’s wallet app is now available to all iOS users

Robinhood’s wallet app is now available to all iOS users

Robinhood introduced Wednesday that its self-custodial crypto wallet app is now for all users on iOS. The wallet first debuted final September in beta with 10,000 users and no community expenses for swapping Polygon’s MATIC tokens. In January, the corporate rolled it out to over 1 million users on the waitlist.

Whereas the app first launched solely with Polygon, the corporate has now included the Ethereum blockchain within the fold together with help for greater than 50 ERC tokens like COMP, MATIC, SHIB, SOL, UNI, USDC, and extra.

“Users advised us they need entry to extra cash on extra chains, which is why we’ve rapidly added help for Ethereum. Whereas we acknowledge it’s been a tumultuous few months within the crypto area, we stay dedicated to our mission to make Robinhood essentially the most trusted, lowest value, and the easiest-to-use on-ramp to crypto,” Johann Kerbrat, GM of Robinhood Crypto, mentioned in a blog post.

The Robinhood Wallet additionally lets users maintain their Polygon and Ethereum-based NFTs. Plus, they will entry to dApps like Uniswap, Balancer, and Kyberswap. The corporate famous that it’ll nonetheless not cost any community charges on Polygon.

The fintech firm mentioned that for safety, users could have to arrange a FaceID/Contact ID unlock or a customized PIN to entry the app each time. Plus, similar to different self-custodial wallets like MetaMask, users could have to generate and retailer a restoration phrase.

Robinhood mentioned that the app is available throughout 130 nations on the Apple App Retailer, and it is engaged on launching the Android model later this 12 months.

Earlier this week, the US Safety and Exchanges Fee (SEC) subpoenaed the company over its cryptocurrency dealings. In the meantime, robo-advisor firm Wealthfront launched has launched a rival stock trading solution that lets users make investments as little as $1.