Low cost brokerage Robinhood has expanded its crypto pockets entry to Android customers.
In keeping with the March 20 announcement, the Robinhood Pockets app is now accessible on Google Play. “Personal and handle all of your blockchain property in your very personal self-custody pockets, that includes community help for Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base,” builders wrote within the app’s description. “You can too swap hundreds of tokens on Ethereum, Arbitrum, and Polygon by way of decentralized trade (DEX) aggregators,” they added. The app has since surpassed 10,000 downloads.
The identical day, Johann Kerbrat, basic supervisor of Robinhood Crypto, revealed that the brokerage’s iOS crypto pockets has been “downloaded tons of of hundreds of instances in 140+ international locations” since its launch in March 2023. On the time, the iOS crypto pockets’s waitlist surpassed 1 million customers. Like all self-custody wallets, non-public keys are saved straight throughout the Robinhood Crypto Android and iOS apps, with no entry from builders and backups doable by way of Google Drive or iCloud.
Since our iOS launch in early 2023, the Robinhood Pockets has quickly gained reputation amongst customers, being downloaded tons of of hundreds of instances in 140+ international locations.
Launching on Android is one other step ahead in our mission to democratize finance for all.
— Johann Kerbrat (@JohannKerbrat) March 20, 2024
At the moment, Robinhood permits customers to commerce main cryptocurrencies and altcoins straight. In 2023, the agency launched the Robinhood Join initiative that enables customers to straight fund their crypto wallets via purchases throughout the Robinhood brokerage platform. The agency reported an annual transaction income of $135 million final yr from prospects’ crypto buying and selling actions, a 33% lower in comparison with 2022. As well as, the agency at present holds greater than $14 billion value of purchasers’ cryptocurrencies, in comparison with $8.4 billion in 2022.
On December 7, 2023, Cointelegraph reported that Robinhood launched crypto buying and selling companies in Europe. All eligible prospects within the EU area can entry Robinhood for crypto buying and selling companies, with over 25 cryptocurrencies accessible for commerce. The brand new EU Robinhood Crypto app additionally expenses zero buying and selling charges, and prospects may even obtain a share of their buying and selling quantity again each month in Bitcoin.
Associated: Robinhood to roll out US inventory buying and selling in British market
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