Robinhood announced Wednesday that its self-managed crypto wallet app is now available to all iOS users. The wallet first debuted in beta last September, with 10,000 users and no network fees for exchanging his MATIC tokens on Polygon. In January, the company Publish to over 1 million users on the waiting list.
The app was initially launched exclusively on Polygon, but the company now includes the Ethereum blockchain in its fold, along with support for over 50 ERC tokens such as COMP, MATIC, SHIB, SOL, UNI, and USDC.
“Users say they want access to more coins on more chains, which is why we added Ethereum support so quickly. We know it’s been a tumultuous few months in the crypto industry. However, we remain committed to our mission to make Robinhood the most trusted, lowest-cost, and easiest-to-use gateway to cryptocurrencies,” Crypto said in a blog post.
Robinhood Wallet also allows users to hold Polygon and Ethereum based NFTs. Additionally, you can access dApps such as Uniswap, Balancer, and Kyberswap. The company says it has no plans to charge network fees with Polygon.
According to the fintech company, for security, users will have to set up a FaceID/Touch ID unlock or custom PIN to access the app every time. Additionally, like other self-managed wallets like MetaMask, users must generate and store a recovery phrase.
Robinhood says the app is available in 130 countries on the Apple App Store and is working on an Android version later this year.
Earlier this week, the U.S. Securities and Exchange Commission (SEC) filed a subpoena against the company for trading cryptocurrencies. Meanwhile, his Wealthfront, a robo-advisor company, has launched a rival stock trading solution that allows users to invest for as little as $1.
