• Robinhood introduced Robinhood Join, a brand new function that provides seamless encryption integration for dApps and wallets.
• Giddy, a standalone pockets, is without doubt one of the first cellular wallets to implement the brand new on-ramp function.
• Clients can straight and immediately purchase or switch cryptocurrency from dApps, in addition to fund their Web3 wallets.

Robinhood, a number one on-line inventory and cryptocurrency brokerage, has launched a brand new product referred to as Robinhood Join, which is able to permit prospects to simply buy and switch cryptocurrencies and fund their Web3 wallets.

On this case, anybody with a Robinhood stability can now immediately purchase Bitcoin or different tokens and switch them to their pockets utilizing the brand new ramp.

Robinhood’s new foray into Web3.

Robinhood Join is a brand new low-cost, persistent platform that can permit prospects to prime up their wallets from decentralized purposes or third-party wallets with out leaving dApps or logging into their Robinhood Crypto account first.

“Crypto and Web3 have the potential to vary the way forward for the monetary system for the higher, however we acknowledge that there are nonetheless important boundaries to wider adoption.” stated Johann Kerbrat, CEO of Robinhood Crypto, when introducing the Consensus 2023 product.

Kerbrat added that Robinhood Join demonstrates the brokerage platform’s robust dedication to crypto adoption, and the brand new product is designed to extend the supply and use of cryptocurrencies.

Builders can benefit from Join’s seamless integration, making embedding this function simple. Builders could make this function straight accessible to customers from dApps, in line with the announcement. Which means tasks will be capable to permit their purchasers to purchase tokens by the brokerage platform and ship them to escrow wallets.

Robinhood introduced Thursday that Giddy, a self-maintained, renewable good pockets app powered by Polygon, was one of many first cellular wallets to combine Robinhood Join. The app can even be rolled out to different platforms over the subsequent few months.

We’re proud to announce that Giddy is without doubt one of the first cellular wallets to combine Robinhood Join from @RobinhoodApp pic.twitter.com/TbHgA9WPXt

– Giddy (@giddydefi) in 2023 April 27

Robinhood sees new progress momentum

Based in 2013, Robinhood has seen super progress in its cryptocurrency since its launch in 2018. took up cryptocurrencies. Though the winter revenue of cryptocurrencies in 2022 down greater than 24% on the finish of the yr, on-line brokerage stays a preferred program for merchants. .

The collapse of the cryptocurrency trade FTX in 2022 and a current investigation by the US Securities and Change Fee (SEC) has weighed on Robinhood in current months. Nonetheless, the platform continues to make nice strides to turn into a number one cryptocurrency buying and selling vacation spot.

One among these steps is integration with the most well-liked cryptocurrency platforms and the implementation of a number of customer-oriented purposes.

The platform presently helps cryptocurrency buying and selling and funding in 18 cryptocurrencies, together with Bitcoin, Ethereum, Litecoin, and Bitcoin Money. The net brokerage additionally helps shopping for and promoting of the very best meme cash Dogecoin and Shiba Inu.