Fun

Robinhood Launching New Non-Custodial Web3 Crypto Wallet

News Feed - 2022-05-19 07:05:19

Robinhood Launching New Non-Custodial Web3 Crypto Wallet


Trading platform Robinhood is launching a non-custodial, web3 cryptocurrency wallet. “Customers will be able to hold the keys for their own crypto,” the company said. Robinhood Building Non-Custodial, Web3 Wallet


Popular trading platform Robinhood announced Tuesday that it is “building a brand new non-custodial, web3 wallet that will allow customers to have total control of their crypto.”


The announcement details: This new, multichain, web3 wallet will launch as a standalone app … Customers will be able to hold the keys for their own crypto.


In addition, customers will be able to “trade and swap crypto with no network fees,” “earn yield using their assets,” store non-fungible tokens (NFTs), and connect to NFT marketplaces, Robinhood explained.


Vlad Tenev, co-founder and CEO of Robinhood, commented: “At Robinhood, we believe that crypto is more than just an asset class … Our web3 wallet will make it easier for everyone to hold their own keys and experience all the opportunities that the open financial system has to offer.”


The announcement further notes that customers can sign up for Robinhood’s non-custodial wallet waitlist to get early access to the company’s new product. The company said: We’ll begin inviting waitlist customers to join our Beta program later this summer and make the product generally available to all Robinhood customers by the end of the year.


Last month, Robinhood rolled out its custodial crypto wallets to more than two million customers.


With the upcoming non-custodial wallet launch, Robinhood will compete with the Nasdaq-listed cryptocurrency exchange Coinbase, which also offers a self-custodial wallet.


Coinbase CEO Brian Armstrong tweeted Monday that his company’s non-custodial wallet is now “the most downloaded mobile self-custody wallet in the U.S.” He noted: “And you don’t have to migrate anything over to use it – the same seed phrase can be used across multiple wallets.”


Robinhood recently began its European expansion by acquiring a regulated crypto firm based in the U.K. Tags in this story Coinbase, no transaction fees, Robin Hood, Robinhood, Robinhood Crypto, robinhood non-custodial wallet, robinhood vs coinbase, robinhood wallet, robinhood web3 wallet


What do you think about Robinhood launching a non-custodial, web3 crypto wallet? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Robinhood Crypto Wallets Rolled Out to Over 2 Million Customers WALLETS | Apr 8, 2022 Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet WALLETS | Feb 1, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBillionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

Kevin O’Leary Reveals FTX Paid Him $15 Million to Become a Spokesperson for the Exchange
Kevin O"Leary Reveals FTX Paid Him $15 Million to Become a Spokesperson for the Exchange Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that the collapsed cry
Roaring Kitty swipes 6.6% of Chewy, clarifies he is ‘Not a Cat’
Josh O"Sullivan12 hours agoRoaring Kitty swipes 6.6% of Chewy, clarifies he is ‘Not a Cat’Keith Gill, known for his role in the GameStop saga, surprises the market with a significant stake in Chewy.2892 Total views11
Bitcoin Set For Encounter With Key $99,900 Price Level – Analyst
Este artículo también está disponible en español. The Bitcoin market has begun 2025 on apositive note with gains over 5% in the first four days of the year. Amidst this r
Solana’s Dogwifhat Meme Coin Flashes Buy Signal At $2.5, Is It Time To Jump In?
Este artículo también está disponible en español. According to a technical indicator, Solana-based meme coinDogwifhat is gearing up for an upside move. Top analyst Ali Ma
What 15% BTC price crash? Bitcoin bulls charge higher as $67K returns
William Suberg22 minutes agoWhat 15% BTC price crash? Bitcoin bulls charge higher as $67K returnsBitcoin cancels its snap correction below $60,000 as the latest data shows traders willing to take a fresh bet on BTC price
Ethereum Reclaims Key Support At $1,574 – Here’s The Next Price Target
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Price analysis 7/31: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Rakesh Upadhyay6 hours agoPrice analysis 7/31: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBitcoin bulls have held the $65,000 level, but BTC and altcoin charts show it"s too early for traders to expect a short-te
NIX Bridge Token, the Gateway to Private DeFi – Presale Now Live
NIX Bridge Token, the Gateway to Private DeFi - Presale Now Live It has become impossible to imagine the cryptocurrency market without DeFi. The exponential grow
More Needs to Be Done to Ensure Tanzanians Understand the Risks of Crypto Trading, Says Blockchain Educator
More Needs to Be Done to Ensure Tanzanians Understand the Risks of Crypto Trading, Says Blockchain Educator Tanzanians are embracing cryptocurrencies but more work still has to be
Is The XRP Price Mirroring The 2017 Rally? Analyst Points Out Similarities
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Hackers Compromise Web Portal Bitcoin.org — DNS Hijack Replaces Site With BTC Doubler Scam
Hackers Compromise Web Portal Bitcoin.org — DNS Hijack Replaces Site With BTC Doubler Scam On Thursday, the pseudonymous operator of Bitcoin.org told the public on Twitter that t
New York regulator hunts crypto and AI specialist for policy unit
Arijit Sarkar13 hours agoNew York regulator hunts crypto and AI specialist for policy unitThe NYDFS is recruiting a policy specialist to address key crypto, DeFi and AI issues within financial services.1330 Total views2