This move will allow Robinhood to compete more aggressively in the crypto exchange market.

Robinhood introduced support for swaps on Arbitrum in February.

US regulators continue to wage war on crypto as the brokerage firm says, “Robinhood Crypto is here to stay.”

Robinhood Wallet users will be able to swap tokens on Arbitrum-based DEXs.

U.S. users will be able to fund their non-custodial wallets through Robinhood Connect.

Beta Version Allows Gasless Swaps on Layer 2 Blockchain

Robinhood will launch a Web3 wallet and plans to cover gas fees for users.

Robinhood, the wildly popular brokerage app, just made a move that could be a shot in the arm for DeFi.  It plans to introduce crypto wallets in 2022 that will enable customers to deposit and withdraw Bitcoin, ETH, and other digital tokens from their accounts to external wallets. Robinhood’s current system doesn’t provide customers with…

Retail investor-focused stock trading app Robinhood plans to bolster its crypto functionality. Ahead of its upcoming IPO on July 29, Robinhood livestreamed its “roadshow” to give investors insight into the company’s growth plans. Referring to Robinhood’s crypto offerings during the livestream, CFO Jason Warnick said the company would be “making a lot of investments in…

Synthetic assets trading in decentralized finance is picking up after stock buyers were locked out of traditional markets last week. Platforms like Mirror, FTX, and Synthetix, which are live, and others still in the works like Injective Protocol, allow investors to gain access to traditional stocks and assets via tokens which replicate their price.  Daily…