Robinhood’s self-custody wallet launches on iOS

Share This Post

Crypto exchange platform Robinhood‘s wallet application launched on the iOS application store on Mar. 1, according to the announcement published on the Robinhood blog.

The announcement states that the users can earn a one-time reward of up to 5 USD Coin (USDC) if they transfer $10 to the wallet app using their Robinhood Crypto wallets. If users initiate the transfer from another wallet or exchange, they can claim a 1 USDC reward for doing so.

Robinhood’s wallet application currently supports Polygon (MATIC) and Ethereum (ETH) networks, with the expectation to increase the number of supported chains in the future. It also supports NFTs on MATIC and ETH chains.

The app was first launched to a limited number of users on Jan. 19. Commenting on the global launch, Robinhood Crypto’s General Manager Johann Kerbrat said:

“The feedback we’ve received for Robinhood Wallet since first launching in beta has been extremely positive. Users have told us they love how accessible and easy to use the app is, and that they really enjoy the ability to self-custody their digital assets and swap with no network fees on Polygon.”

The application is now available globally, except in the Cayman Islands. In addition to the one million users registered on the waitlist, the app has been downloaded by over 130 countries.

The launch of the wallet comes after the recent news that Robinhood received an investigative subpoena from the U.S. Securities and Exchange Commission (SEC) concerning various matters such as cryptocurrency listings, crypto custody practices, and platform operations.

Robinhood said it could face sanctions if the SEC or any court determines it has not complied with securities regulations. The company also said that if its listed cryptocurrencies are determined to be securities, it could be prevented from supporting the trading of those assets. Furthermore, Robinhood said it could be forced to pay regulatory penalties and compensation to its users.

The post Robinhood’s self-custody wallet launches on iOS appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Optimism Grows for Solana ETF Approval Amidst Changing Market Dynamics

The post Optimism Grows for Solana ETF Approval Amidst Changing Market Dynamics appeared first on Coinpedia Fintech News As the regulatory and market dynamics change in favor of digital asset

Ripple CEO Reacts To Trump’s Billionaire Treasury Secretary Nominee

After weeks of intense speculation, incoming US President Donald Trump has named Scott Bessent his Treasury Secretary pick The drawn-out selection process has attracted many popular names, including

Flat Tax Frenzy: Americans Debate Tax Code Overhaul on X

Conversations about adopting a flat tax in the United States are lighting up the social media platform X 16 Million Words Too Many Department of Government Efficiency Sparks Flat Tax Debate The

Bitcoin Rally Benefits From US Buyers – Coinbase Premium Gap Reveals Strong Demand

Bitcoin has surged past the $99,800 mark, setting another all-time high as it inches closer to the psychological $100,000 milestone Despite briefly testing the level, BTC has yet to break through,

Bitcoin, ETH & XRP Price Prediction: Key Levels To Watch This Week!

The post Bitcoin, ETH & XRP Price Prediction: Key Levels To Watch This Week! appeared first on Coinpedia Fintech News Story Highlights Bitcoin price struggles to achieve the $100k mark and

Cameron Winkelvoss Calls for Inquiry Into SBF’s $100M Campaign Finance Breaches

The post Cameron Winkelvoss Calls for Inquiry Into SBF’s $100M Campaign Finance Breaches appeared first on Coinpedia Fintech News Cameron Winkelvoss, the Gemini co-founder and CEO, in a recent X