Robinhood announced on Wednesday that its self-custodial crypto wallet app is now available to all users on iOS. The wallet first debuted in beta last September with 10,000 users and no network fees for exchanging Polygon’s MATIC tokens. In January, the company rolled out to over 1 million users on the waiting list.
While the app first launched exclusively with Polygon, the company has now included the Ethereum blockchain in the fold along with support for over 50 ERC tokens such as COMP, MATIC, SHIB, SOL, UNI, USDC and more.
“Users told us they want access to more coins on more chains, so we quickly added support for Ethereum. While acknowledging that it has been a tumultuous few months in the crypto space, we remain committed to our mission to make Robinhood the most reliable, cheapest and easiest to use gateway 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. In addition, they have access to dApps such as Uniswap, Balancer and Kyberswap. The company noted that it still does not charge network fees on Polygon.
The fintech company said that for security, users must set up a FaceID/Touch ID unlock or a custom PIN to access the app every time. In addition, like other self-custodial wallets such as MetaMask, users must generate and save a recovery phrase.
Robinhood said the app is available in 130 countries on the Apple App Store and is in the process of launching the Android version later this year.
Earlier this week, the US Security and Exchanges Commission (SEC) subpoenaed the company over its cryptocurrency trading. Meanwhile, robo-advisory firm Wealthfront has launched a rival stock trading solution that allows users to invest as little as $1.