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Home»ADOPTION NEWS»Robinhood Wallet integrates Arbitrum for token exchanges.
ADOPTION NEWS

Robinhood Wallet integrates Arbitrum for token exchanges.

By Crypto FlexsFebruary 29, 20243 Mins Read
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Robinhood Wallet integrates Arbitrum for token exchanges.
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DeFi • February 29, 2024 1:40 PM EST

Robinhood Wallet has partnered with: decision ARB

+8.83%
To enable the largest token exchange Ethereum ETH

+3.09%
Layer 2 networks based on total value are locked.

“By opening up access to Arbitrum’s advanced scaling solutions, Robinhood Wallet users can now benefit from low transaction costs and fast transaction speeds on one of the most popular networks in the cryptocurrency ecosystem,” Robinhood Wallet said on Thursday.

The Arbitrum swap has been in beta for “several weeks” and has now been released publicly today, Johann Kerbrat, general manager at Robinhood Crypto, told The Block. A token swap involves directly exchanging one token for another without first converting it to fiat.

Robinhood Wallet is compatible with Ethereum polygon Matic

+4.73%
Swap network via decentralized exchange integrator 0x API and LI.FI Website. The wallet does not charge service fees for token swaps, according to the website.

According to L2Beat data, Arbitrum holds more than $14 billion in smart contracts.

robinhood wallet

Robinhood Wallet, which launched about a year ago, is currently only available on iOS. Android Wallet is currently in beta and has an open waiting list for registration. Kerbrat said an official launch is expected in the coming months.

According to the website, the self-managed wallet also supports sending and receiving cryptocurrency on the Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base networks.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Yogita Khatri is a senior reporter at The Block, covering all things cryptocurrency. As one of the original team members, Yogita has been instrumental in breaking countless stories, exclusive articles, and scoops. With nearly 3,000 articles under his belt, Yogita holds the record for being The Block’s most published and most read writer of all time. Before joining The Block, Yogita worked at cryptocurrency publications CoinDesk and The Economic Times, where she wrote about personal finance. To contact her, please send her email: (email protected) To see her latest works, follow her on X @Yogita_Khatri5.
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