Seeking Alpha
2022-09-27 15:41:34

Robinhood launches beta version of Polygon-based web3 wallet to 10K users

Robinhood Markets (NASDAQ:HOOD) has debuted the beta version of its Polygon-based web3 wallet that will let its users trade and swap cryptocurrencies without fees, according to a Tuesday blog post.The so-called Robinhood Wallet, a standalone app that will support Polygon (MATIC-USD) as its first blockchain network, was rolled out to 10K users who joined the waitlist in May. There's now over 1M people signed up on the waiting list, the company said.The move comes as Robinhood (HOOD) seeks to deepen its involvement in crypto through an array of product launches to make it "more accessible to everyone," Johann Kerbrat, chief technology officer and general manager of Robinhood Crypto, said in a statement.In an effort to allow users to send and receive crypto from Robinhood (HOOD) to external crypto wallets, the zero-fee trading platform started rolling out its crypto Wallet beta to 10K customers in January.Earlier this month, (Sep. 20) Robinhood added USDC stablecoin to crypto offerings.

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