Robinhood Wallet Now Supports Bitcoin, Dogecoin, and Ethereum Swaps
Robinhood Wallet, the multi-chain Web3 wallet, has extended its offerings by introducing support for Bitcoin and Dogecoin. All Robinhood Wallet users can now access custody, send, and receive functions for both Bitcoin and Dogecoin.
The platform has also initiated in-app Ethereum swaps. The feature is already available to select users for 200+ tokens. Within the next few weeks, a larger audience will be able to access Robinhood’s in-app Ethereum swaps.
Notably, individuals can swap without even owning Ethereum in their wallet. The program is designed in such a way that network fees are deducted from the tokens that users already own.
This feature simplifies crypto trading for users and allows for broader crypto adoption.
Robinhood has been attentive to user feedback since its public launch in March. Over the last six months, the company has launched a web3 browser that allows users to connect to decentralized applications directly from their wallets. The platform currently features support for Polygon, Ethereum, Arbitrum, Optimism, and now Bitcoin and Dogecoin.
Robinhood also shared that it is actively working to expand accessibility to additional low-cost, rapid, and secure Layer 2 chains that users have requested.
In addition, the platform has introduced a fiat onramp, allowing eligible U.S. users to directly acquire or transfer crypto through Robinhood Connect.
More than that, Robinhood has expanded its rewards program by offering learning rewards. This feature allows individuals to complete short lessons and earn USDC.
Currently accessible to iOS users, the company plans to launch the Android version of Robinhood Wallet later this year. Android users can now join the waitlist for notifications on a dedicated page.
“With Robinhood Wallet we stripped away many of the complexities of DeFi and the broader Web3 ecosystem, and reduced some of the challenges and barriers to entry for everyday people,” said Johann Kerbrat, GM of Robinhood Crypto. “We’ve been really encouraged by the adoption so far, and are excited to keep building for our customers around the world as we ship new features and expand support for new networks and tokens.”
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