Robinhood Makes Web3 Wallet Beta Available to 10,000 Users

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Last Updated on September 29, 2022 by Bitfinsider

Robinhood (HOOD), a no-fee trading platform, has released the beta version of its Web3 wallet, allowing users to swap assets on its non-custodial wallet.

The Polygon-based wallet, dubbed the Robinhood Wallet, is now open to the first 10,000 users who signed up for the testing period in May, ahead of its public release.

According to Chief Technology Officer Johann Kerbrat, the wallet will allow users to trade without fees over 20 cryptocurrencies supported by decentralized exchange (DEX) aggregator 0x. Users will also be able to connect to dapps and earn yield on assets using the wallet.

Over the last year, Robinhood has steadily improved its crypto products and moved away from its original “walled garden” approach. A month after releasing its first crypto wallet to two million users, it opened a waitlist for the Web3 wallet’s beta in May.

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