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The Robinhood crypto pockets has added help for Bitcoin and Dogecoin, its first growth past the confines of Ethereum.
“Starting at this time, we have now launched custody, ship, and obtain help for Bitcoin and Dogecoin to all customers,” wrote Robinhood in a blog post.
Robinhood Pockets Replace 🚨Help for custody, ship and obtain of BTC and DOGE is now accessible to all customers, and in-app swaps on the Ethereum community are rolling out beginning at this time. 🔥ETH swaps will develop into accessible to everybody within the coming weeks. Keep tuned and study extra:…
— Johann Kerbrat (@JohannKerbrat) August 30, 2023
Robinhood has additionally enabled Ethereum swaps on the platform. In-app Ethereum swaps will probably be rolled out to pick customers for greater than 200 token and can develop into accessible to all others within the coming weeks, the submit stated.
Elevated Adoption of Robinhood App Led to This Choice
Robinhood’s pockets solely supported Ethereum and tokens constructed on the Ethereum blockchain when it was launched in March of this yr. Crypto evaluation platform Arkham Intelligence has lately reported that Robinhood is the proprietor of the world’s fifth-largest Ethereum pockets, holding over $2.5 billion value of the world’s greatest altcoin.
Since its launch, the Robinhood pockets was been adopted by lots of of 1000’s of customers in additional than 140 nations. At present, Robinhood has over 10.8 million lively month-to-month customers.
“With Robinhood Pockets, we stripped away most of the complexities of DeFi and the broader Web3 ecosystem and lowered among the challenges and obstacles to entry for on a regular basis individuals,” stated Johann Kerbrat, GM of Robinhood.
“We’ve been actually inspired by the adoption up to now and are excited to maintain constructing for our prospects all over the world as we ship new options and broaden help for brand spanking new networks and tokens.”
A number of Developments within the Robinhood Ecosystem
Since its launch, Robinhood Pockets has introduced a number of new additions.
Net 3 Browser
Robinhood’s Net 3 brokers let customers join decentralized purposes on to the wallets, giving them entry to an array of blockchain-related utilities.
Extra Networks
Whereas Robinhood began with supporting solely Ethereum and belongings constructed on the Ethereum blockchain, it later added help for Arbitrum and Optimism. The newest addition of Bitcoin and Dogecoin has additional expanded the Robinhood community. The weblog submit has additionally said that the addition of safer layer 2 chains can be within the works.
Fiat On-Ramp through Robinhood Join
US-based customers should buy and switch crypto utilizing Robinhood Join, a fiat on-ramp platform that lets customers switch crypto through debit, financial institution switch, and Robinhood steadiness.
Addition of USDC to the Rewards Program
Robinhood has began a number of rewards applications that permit customers study crypto and earn from it. Just lately, it has added USDC to this program.
Bitcoin Surpasses $27k; DOGE Additionally Buying and selling Within the Inexperienced
The information of Robinhood including help for Bitcoin and Dogecoin comes arduous on the heels of Grayscale’s victory over the US SEC within the Bitcoin ETF case.
The win boosted Bitcoin’s value by $1,700k shortly instantly after the information broke yesterday, pushing it previous $27k. At 6:00 am EST, Bitcoin was buying and selling at $27.2k.
![Bitcoin Crosses $27k](https://insidebitcoins.com/wp-content/uploads/2023/08/Bitcoin-Crosses-27k-.png)
Dogecoin adopted the worth motion intently, pushing via its psychological resistance of $0.065 to succeed in $0.066. At 6:00 am EST, DOGE was valued at $0.066.
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