Robinhood has introduced Robinhood Connect, an update that will allow users of its crypto wallet...
Robinhood has introduced Robinhood Connect, an update that will allow users of its crypto wallet to access their credentials and funds directly from decentralized finance (DeFi) protocols and applications—all without having to open the Robinhood app itself.
The new feature will give users the flexibility to access funds in their Robinhood wallets directly from DeFi applications. Robinhood Connect, which developers will be able to embed in their apps, will make accessing DeFi more seamless for Robinhood users, the company said in a press release.
Robinhood also announced a collection of new features, including a crypto home tab, price alerts, and advanced charts, where users can manage their portfolio, track the price of crypto assets, and place stop and limit orders, 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,” Johann Kerbrat, Robinhood’s Crypto General Manager, said in a press release. “Our conviction in the future of Web3 remains strong.”
“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,” Johann Kerbrat, Robinhood’s Crypto General Manager, said in a press release. “Our conviction in the future of Web3 remains strong.”
Kerbrat said he hopes that the introduction of new features will improve customers’ interactions with crypto and enhance usability and accessibility. He said he aims to “position Robinhood as the lowest cost, easiest to use on-ramp to crypto”.
Robinhood Wallet. Image: Robinhood
Robinhood Rolls Out Its MetaMask Wallet Competitor to 1 Million Users
Robinhood Rolls Out Its MetaMask Wallet Competitor to 1 Million Users
Robinhood is finally entering the software wallet game. The company today launched the Robinhood Wallet, a smartphone app that allows users to swap and transfer crypto, and view owned NFTs and crypto. It’s currently being slowly rolled out to over 1 million waitlisted users via an access code, according to Robinhood. It was previously released in beta to just 10,000 waitlisted customers in September. The Robinhood Wallet uses Polygon, an Ethereum sidechain, to offer swaps without network fees.
Robinhood also announced a collection of new features, including a crypto home tab, price alerts, and advanced charts, where users can manage their portfolio, track the price of crypto assets, and place stop and limit orders, 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,” Johann Kerbrat, Robinhood’s Crypto General Manager, said in a press release. “Our conviction in the future of Web3 remains strong.”
Kerbrat said he hopes that the introduction of new features will improve customers’ interactions with crypto and enhance usability and accessibility. He said he aims to “position Robinhood as the lowest cost, easiest to use on-ramp to crypto.”
Want to be a crypto expert? Get the best of Decrypt straight to your inbox.
Your Email
Want to be a crypto expert? Get the best of Decrypt straight to your inbox.
Your Email
The update renews Robinhood’s promise 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.
The company said they hope Connect will make Robinhood Crypto “the most trusted, lowest cost and easiest to use crypto on-ramp.”
The post Robinhood Enhances DeFi Experience with ‘Connect’ Crypto Wallet Integration appeared first on UNLOCK Blockchain.