Fashionable retail buying and selling platform Robinhood says its self-custodial web3 pockets now helps in-app swapping on the Ethereum (ETH) community.
In a press release, Robinhood says choose customers can now swap for greater than 200 tokens on Ethereum beginning Wednesday, August thirtieth, and the characteristic shall be obtainable for all customers within the coming weeks.
Not like different wallets, the Robinhood Pockets doesn’t require customers to carry ETH tokens to swap for the reason that platform will mechanically deduct the community charges from the crypto property that its customers have already got.
Johann Kerbrat, common supervisor of Robinhood Crypto, says the brand new in-app swap characteristic will make decentralized finance (DeFi) extra accessible.
“With Robinhood Pockets, we stripped away lots of the complexities of DeFi and the broader Web3 ecosystem, and diminished a number of the challenges and limitations to entry for on a regular basis individuals.”
Robinhood says it’s launching Ethereum in-app swaps, together with custody, ship, and obtain help for Bitcoin (BTC) and Dogecoin (DOGE) in response to customers’ request for entry to extra cash on extra chains.
The buying and selling platform additionally beforehand launched a crypto on-ramp that enables customers to straight entry and fund their Robinhood pockets with out leaving decentralized functions (DApps) and needing to log into their accounts.
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