The Robinhood wallet app is now available on the Apple App store to all iOS users.
On Wednesday, Robinhood, the self-custodial crypto wallet announced that the app is now available on the Apple store for iOS users. The wallet which debuted in September 2022 with 10,000 users debuted in its beta mode and it featured charge-free swapping for Polygon Matic tokens. The company rolled it out to over 1 million users on the waitlist in January.
While the app was initially exclusive to Polygon, the company has now added the Ethereum blockchain to the mix, as well as support for over 50 ERC tokens such as COMP, MATIC, SHIB, SOL, UNI, USDC, and others.
“Users told us they want access to more coins on more chains, which is why we’ve quickly added support for Ethereum. While we recognize it’s been a tumultuous few months in the crypto space, we remain committed to our mission to make Robinhood the most trusted, lowest cost, and the easiest-to-use on-ramp to crypto,” Johann Kerbrat, GM of Robinhood Crypto, said in a blog post.
The Robinhood Wallet also allows users to store their Polygon and Ethereum-based NFTs. They also have access to dApps like Uniswap, Balancer, and Kyberswap. The company stated that it will continue to charge no network fees on Polygon.
According to the fintech company, to access the app, users will need to set up a FaceID/Touch ID unlock or a custom PIN. Furthermore, as with other self-custodial wallets such as MetaMask, users will be required to generate and store a recovery phrase.
According to Robinhood, the app is available in 130 countries on the Apple App Store, and the Android version will be available later this year.
The US Securities and Exchange Commission (SEC) subpoenaed the company earlier this week regarding its cryptocurrency dealings. Meanwhile, Wealthfront, a robo-advisor, has launched a competing stock trading solution that allows users to invest as little as $1.