Saturday, May 18, 2024

Robinhood Adds Dogecoin and Bitcoin to Crypto Wallet Offerings

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Alicia Garcia
Alicia Garciahttps://blog.cryptoapa.com/
Alicia is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.

Robinhood has dramatically expanded its crypto offerings by adding Dogecoin and Bitcoin to its Web3 wallet app.

The surprise move bucks the trend of slow, conservative growth and immediately makes the Robinhood Wallet a top destination for two of the biggest cryptocurrencies.

With the additions, Robinhood Wallet now supports a total of six different blockchain networks. This gives users access to the liquidity, applications, and fundamentals behind Polygon, Optimism, Ethereum, Arbitrium, Dogecoin, and Bitcoin.

According to Christine Brown, Robinhood’s Head of Crypto, “We’re excited to add Bitcoin and Dogecoin to Robinhood Wallet. These are two of the most popular cryptocurrencies in the world, and we’re glad to give our users the ability to store, send, and receive them.”

The company is also launching a Web3 Browser so users can connect their wallets directly to decentralized apps and put their cryptocurrency to work.

Robinhood Wallet originally launched in beta earlier this year and already boasts hundreds of thousands of users across over 120 countries. But the appetite for crypto trading and investing continues to skyrocket.

Adding heavyweight currencies like Bitcoin and Dogecoin is likely to supercharge adoption and cement Robinhood as a top choice for holding, trading, and using cryptocurrency.

According to Johann Kerbrat, General Manager of Robinhood Crypto, “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. 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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