Robinhood launches crypto wallet for Android users
The brokerage firm currently has $14.7 billion in crypto under custody.
Discount brokerage Robinhood has expanded its crypto wallet access to Android users.
According to the March 20 announcement, the Robinhood Wallet app is now available on Google Play. "Own and manage all your blockchain assets in your very own self-custody wallet, featuring network support for Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base,” developers wrote in the app’s description. “You can also swap thousands of tokens on Ethereum, Arbitrum, and Polygon via decentralized exchange (DEX) aggregators," they added. The app has since surpassed 10,000 downloads.
The same day, Johann Kerbrat, general manager of Robinhood Crypto, revealed that the brokerage’s iOS crypto wallet has been "downloaded hundreds of thousands of times in 140+ countries" since its launch in March 2023. At the time, the iOS crypto wallet's waitlist surpassed 1 million users. Like all self-custody wallets, private keys are stored directly within the Robinhood Crypto Android and iOS apps, with no access from developers and backups possible via Google Drive or iCloud.
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