Robinhood Expands Crypto Wallet to Include 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 and 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻.

Robinhood Markets Inc. expanded its crypto wallet offerings on Wednesday, announcing support for both bitcoin (𝗕𝗧𝗖) and dogecoin (𝗗𝗢𝗚𝗘). This move broadens the scope of Robinhood's crypto wallet, moving beyond its initial focus on the Ethereum ecosystem.

According to a company statement sent via email, all users of the 𝗥𝗼𝗯𝗶𝗻𝗵𝗼𝗼𝗱 wallet can now engage in the seamless sending and receiving of BTC and DOGE. Remarkably, despite being only six months old, the wallet has already garnered a substantial user base, with hundreds of thousands of users hailing from 140 countries worldwide.

Robinhood's wallet, previously limited to ETH and Ethereum-based tokens, akin to Metamask, has now broadened its horizons. Responding to customer demands for increased asset variety across various blockchains, the platform has expanded its offerings. Additionally, Robinhood has introduced a new feature, allowing "select users" to swap ether for more than 200 diverse assets. Notably, the wallet can levy gas fees, associated with Ethereum transactions, on any tokens within a user's portfolio, not solely restricted to ETH. Robinhood plans to grant all users access to this swap feature in the coming weeks.