2024

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<p class="is-style-lead">Robinhood has broadened its cryptocurrency wallet services to Android users, increasing global adoption of digital assets and facilitating easier transactions.</p>
<p>The launch comes a year after Robinhood’s Wallet was made available to <a href="https://crypto.news/robinhood-wallet-launches-for-ios-users/" data-type="link" data-id="https://crypto.news/robinhood-wallet-launches-for-ios-users/" rel="noopener noreferrer nofollow">iOS users</a>, marking a consistent stride towards enhancing accessibility and integrating cryptocurrencies into everyday transactions for millions worldwide.</p>
<p>The transition from beta to <a href="https://newsroom.aboutrobinhood.com/robinhood-wallet-android/" data-type="link" data-id="https://newsroom.aboutrobinhood.com/robinhood-wallet-android/" target="_blank" rel="noopener noreferrer nofollow">general release</a> allows individuals on the public waitlist to access the Robinhood Wallet on Android devices. <a href="https://crypto.news/tag/robinhood/" data-type="link" data-id="https://crypto.news/tag/robinhood/" rel="noopener noreferrer nofollow">Robinhood</a> Crypto General Manager Johann Kerbrat described the Android launch as a big step in the company’s ongoing efforts to democratize cryptocurrency usage.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Android?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Android</a> users 👋 Robinhood Wallet is here 🔥 <a href="https://t.co/4ZlUs0GOy3" target="_blank" rel="noopener noreferrer nofollow">https://t.co/4ZlUs0GOy3</a> <a href="https://t.co/tnxVfd436M" target="_blank" rel="noopener noreferrer nofollow">https://t.co/tnxVfd436M</a></p>— Robinhood (@RobinhoodApp) <a href="https://twitter.com/RobinhoodApp/status/1770437567324000700?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 20, 2024</a>
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<p>You might also like: <a href="https://crypto.news/why-is-crypto-down-today-the-market-wide-cooldown/" rel="noopener noreferrer nofollow"> Why is crypto down today? The market-wide cooldown </a></p>
<p>The expansion aligns with Robinhood’s <a href="https://crypto.news/ark-invest-sells-shares-in-coinbase-and-robinhood-amidst-positive-market-performance/" data-type="link" data-id="https://crypto.news/ark-invest-sells-shares-in-coinbase-and-robinhood-amidst-positive-market-performance/" rel="noopener noreferrer nofollow">recent performance</a> metrics, which revealed a 10% increase in crypto revenue to $43 million in the fourth quarter of 2023 and an 89% surge in notional crypto trading volume compared to the previous quarter. The platform’s growth has been attributed to heightened customer activity and follows the company’s strategic extension of its crypto trading app to the <a href="https://crypto.news/robinhood-targets-eu-for-crypto-trading-growth-amid-shortfall-in-q3-revenue/" data-type="link" data-id="https://crypto.news/robinhood-targets-eu-for-crypto-trading-growth-amid-shortfall-in-q3-revenue/" rel="noopener noreferrer nofollow">European Union</a> market.</p>
<p>The Robinhood Wallet, a self-custodial solution introduced last year, has seen increased adoption, with downloads reaching hundreds of thousands globally. It supports various functionalities, including sending, receiving, and storing <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/" rel="noopener noreferrer nofollow">cryptocurrencies</a> on major networks such as Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base.</p>
<p>The wallet facilitates token swaps on Ethereum, Polygon, and Arbitrum through decentralized exchange aggregators such as the 0x API and LI.FI, without imposing <a href="https://crypto.news/robinhood-introduces-commission-free-crypto-trading-app/" data-type="link" data-id="https://crypto.news/robinhood-introduces-commission-free-crypto-trading-app/" rel="noopener noreferrer nofollow">service fees</a> on these transactions, though standard blockchain transaction fees are applicable.</p>
<p>Read more: <a href="https://crypto.news/qcp-capital-predicts-a-larger-bull-run-post-bitcoin-halving/" rel="noopener noreferrer nofollow"> QCP Capital predicts a larger bull run post-Bitcoin halving </a></p>

Robinhood expands crypto services with Android wallet launch

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