Robinhood Beta Version of Web3 Wallet

Robinhood has released a beta version of its Web3 wallet called Robinhood Wallet that will enable users to control their crypto, trade and swap crypto with no network fees and access the decentralized web.

Robinhood has started sending invitations to the new Robinhood Wallet beta to 10,000 customers who had joined a waitlist.

Official Statement from Robinhood

“Launching the Robinhood Wallet beta marks a significant step forward in our journey to make Robinhood the most trusted and simple crypto platform for customers. Like we did with the stock market, Robinhood Wallet strips away some of the complexities of [Web3] to make crypto more accessible to everyone.”

During the beta, participants will be able to use the standalone app to fund their wallet with USDC, trade and swap crypto, earn crypto rewards, store and track their blockchain portfolio and connect to decentralized apps.

When the app is released to the general public, it will also support viewing non-fungible tokens (NFTs) and connecting to NFT marketplaces. Robinhood Wallet is launching exclusively with the Polygon blockchain network, but will eventually support many blockchains.

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