03/29/2024
BTC69,739.0
ETH3,520.06
USDT0.999395
BNB609.82
SOL185.42
XRP0.613955
USDC0.999389
DOGE0.214093
BUSD1.001
Last news
Robinhood Continues Crypto Expansion with Robinhood Connect
04/28/2023

Robinhood Continues Crypto Expansion with Robinhood Connect

04/28/2023
4,5

Robinhood, the popular trading platform, has launched a new update called Robinhood Connect, which allows users of its crypto wallet to access their credentials and funds directly from decentralized finance (DeFi) protocols and applications without having to open the Robinhood app itself.

With Robinhood Connect, users can purchase and sell cryptocurrency directly from their self-custody wallet or natively in DApps using a credit or debit card. The service also features integration with Web3 projects, enabling developers to embed it directly into applications, providing a smooth experience for customers.

Robinhood is a U.S.-based platform that allows traders to buy and sell cryptocurrencies. Robinhood users can purchase stock and a limited selection of cryptocurrencies.

Johann Kerbrat, general manager of Robinhood Crypto, explained that the company developed the service to bring more people into the cryptocurrency space. The update aligns with Robinhood's mission to democratize the financial system for everyone, and crypto presents an opportunity to help users diversify their finances and adapt to the world of Web3, according to a press release

“Crypto and Web3 have the potential to change the future of the financial system for the better, but we recognize there are still significant hurdles preventing broader adoption,” said Johann Kerbrat.

Currently, the service is only available in the MyDoge, Giddy, and Slingshot ecosystems, but support for Exodus and Phantom is coming soon. As of January 2023, Robinhood claims to have 23 million total user accounts and $74.7 billion in assets under custody.

Robinhood also announced other new features such as a crypto home tab, price alerts, and advanced charts, which allow users to manage their portfolio, track the price of crypto assets, and place stop and limit orders.  These updates come just a few months after the launch of Robinhood's own branded self-custody wallet, which was rolled out to over one million wait-listed users. 

However, Robinhood, like many other crypto firms, is under investigation by the U.S. Securities and Exchange Commission over its crypto listings and custody of assets.


Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Phantom


How useful is this article for you?
Thank you for your review!

Last news

Explore more

Amp (AMP)
$0.01046467
0.65%
Buy
Dash (DASH)
$38.48
-0.16%
Buy
JUST (JST)
$0.03944015
-0.41%
Buy
ORDI (ORDI)
$65.69
-2.84%
Buy

HowTo

How to Buy Venom?
How to Buy dogwifhat ($WIF) Coin?