Robinhood introduced Wednesday that its self-custodial crypto pockets app is now out there for all customers on iOS. The pockets debuted last September in beta with 10,000 customers and no community fees for swapping Polygon’s MATIC tokens. In January, the corporate rolled it out to more than 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.
“Customers instructed 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 Pockets additionally lets customers maintain their Polygon and Ethereum-based NFTs. Plus, they’ll entry 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, customers should arrange a Face ID/Contact ID unlock or a customized PIN to entry the app each time. Plus, identical to different self-custodial wallets like MetaMask, customers should generate and retailer a restoration phrase.
Robinhood mentioned that the app is on the market throughout 130 nations on the Apple App Retailer, and it’s engaged on launching the Android model later this yr.
Earlier this week, the U.S. Safety and Change 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 customers make investments as little as $1.
