Robinhood Teases Dogecoin Support for Its New Wallet

Alex Dovbnya

Robinhood online brokerage recently launched its self-custody wallet on its iOS app

Popular free zero brokerage service Robinhood has announced that it is “working hard” to support Dogecoin, the largest cryptocurrency.

On January 19, the company released its highly anticipated self-custody app “Robinhood Wallet,” an iOS product that allows users to store their own crypto and interact with different networks.

Initially, the new product received an exclusive beta release to 10,000 waitlisted customers in September 2022.

Robinhood Wallet is slowly rolling out to over a million waitlisted users with access codes they have received.

The wallet features include exchanging cryptocurrency without network fees using the Ethereum sidechain Polygon (MATIC) along with additional support for Ethereum (ETH).

The wallet is set to expand as it integrates as an advanced “browser” for Web3. It provides more features such as connecting to decentralized applications (dApps) and non-fungible token markets (NFTs) as it is essentially a standalone application allowing full control of assets compared to other wallets like MetaMask or Phantom.

While currently only available on iOS mobile devices, we may also see a desktop browser extension or Android support depending on how successful it is with Apple users in the future. A Robinhood spokesperson stated that iOS users will first receive access before considering further expansion.

As reported by U.Today, Robinhood recently delisted Bitcoin Satoshi Vision (BSV).

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