Robinhood Crypto GM Johann Kerbrat has launched a new feature called Robinhood Connect. This feature allows users of Robinhood’s crypto wallet to directly access their credentials and funds from various decentralized finance (DeFi) protocols and applications without the need to open the Robinhood app. Users can seamlessly interact with DeFi protocols without the hassle of transferring funds to a separate wallet.
Robinhood has made several improvements to its crypto services to optimize users’ experience. These include a crypto home tab that allows users to navigate to Robinhood Crypto, advanced charts, advanced order types, price alerts, and Learn and Earn. The improvements aim to make Robinhood Crypto more accessible and user-friendly.
“Crypto and Web3 have the potential to change the future of the financial system for the better,” said Johann Kerbrat. “But we recognize there are still significant hurdles preventing broader adoption,” he added. “Our conviction in the future of Web3 remains strong, and we’ve continued to build new products that put the accessibility and usability of crypto front and center for customers, positioning Robinhood as the lowest cost, easiest to use on-ramp to crypto.”
Robinhood Wallet; A Futuristic Vision
Last January 20, 2023, the company rolls out the Robinhood Wallet. It’s a mobile app where users can swap and transfer crypto and view owned NFTs. The Robinhood Wallet uses the Polygon network and offers swaps without network fees.
In December of 2022, Twitter announced a partnership with Robinhood for Cashtags, where price indicators were added to major stocks and cryptocurrencies with a link to Robinhood to purchase the assets. Although, just recently, Twitter announced a new partnership to expand Cashtags, where Robinhood was replaced by eToro, a fellow broker.
It seems that Robinhood is still keen on the potential that cryptocurrencies and DeFi hold despite some recent events questioning the integrity of the company.
