Robinhood is making an attempt to make DeFiย more accessible to the masses.
They’re also introducing in-app swaps on the Ethereum network for 200+ tokens. The best part? Users can swap without holding $ETH. Network fees? Deducted from the tokens you already hold. Easy-peasy. ๐
$HOOD Wallet is now a multi-chain, self-custody, Web3 wallet that supports a range of networks like Arbitrum ($ARB), $BTC, Ethereum, $DOGE, Optimism ($OP), and $MATIC. And yes, users have full control over their crypto, holding their private keys.
Robinhood emphasizes security. Users must set up Face/Touch ID or a custom PIN for app access. And that secret recovery phrase (or seed phrase)? It’s crucial for wallet access, and Robinhood never sees it. So, keep it safe and never share! ๐
Currently, Robinhood Wallet is available for all iOS users. Android users have to wait #sadface until later this year.