Robinhood has expanded its cryptocurrency wallet service to Android users, increasing global adoption of digital assets and making trading easier.
The launch comes a year after Robinhood's wallet became available to iOS users, moving it steadily toward enhancing accessibility and integrating cryptocurrencies into the everyday transactions of millions of people around the world. We are moving forward.
The transition from beta to general release will allow individuals on the public waitlist to access Robinhood Wallet on their Android devices. Robinhood Crypto General Manager Johann Kerbrat said the Android launch is a major step in the company's continued efforts to democratize the use of cryptocurrencies.
This expansion is in line with Robinhood's recent performance metrics, with crypto revenue increasing 10% to $43 million in Q4 2023, and notional crypto trading volume increasing by 89% compared to the previous quarter. It has been revealed that the increase in The platform's growth is due to increased customer activity and the company's strategic expansion of its crypto trading app into the European Union market.
Robinhood Wallet, a self-custodial solution introduced last year, is seeing increasing adoption, with hundreds of thousands of downloads worldwide. It supports a variety of functions including sending, receiving, and storing cryptocurrencies on major networks such as Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base.
This wallet allows you to exchange tokens on Ethereum, Polygon, and Arbitrum through decentralized exchange aggregators such as 0x API and LI.FI without imposing service fees on these transactions, although standard blockchain transaction fees apply. Facilitates swapping.
