Robinhood, the popular US trading app, is expanding its presence in the crypto world. Users can now send, receive and manage Bitcoin (BTC) and Dogecoin (DOGE) through the well-known platform.
Crypto Journey Robinhood
Robinhood was launched in 2013 as a mobile app for the traditional investing world. With its innovative approach, the ability to trade cryptocurrencies was added for the first time in February 2018. Specifically, trading with both Bitcoin and Ethereum (ETH) was made possible.
Later, the crypto offering was expanded to include other coins such as Dogecoin and Litecoin (LTC). Last September, the own beta version was released self-custody Wallet made available to all iOS users worldwide in March this year. Initially, only the Ethereum scaling network Polygon (MATIC) was supported. Later, the blockchains became Ethereum and connected to it layer-2’s Arbitrum (ARB) and Optimism (OP) are supported.
The wallet is said to have hundreds of thousands of users in 140 countries.
Integration of Bitcoin and Dogecoin wallets
Now Robinhood’s wallet also offers support for the Bitcoin and Dogecoin network. This allows users to send and receive BTC and DOGE through the wallet.
Additionally, the company began rolling out swap features to select users. This allows Ether to be traded against more than 200 different assets. Users can use this feature without owning an ETH. The wallet brings that with it gas chargesor the transaction costs on the Ethereum network, which are automatically deducted from the tokens they already own.
On the Robinhood website you can now read that Bitcoin and Dogecoin have been added to the list of supported networks.
The Robinhood wallet is expected to come to Android later this year.
The NASDAQ-listed company also appeared on Crypto Insiders last week. It appears that the trading platform is linked to an address that has raised a whopping 118,300 BTC in just 3.5 months. Blockchain analysis service Arkham Intelligence linked the wallet in question to Robinhood. The address is even the number 3 largest wallet in the Bitcoin ecosystem.