With iOS customers in a position to get pleasure from the advantages of Robinhood Pockets now, an Android-compatible model can be launched later this yr.
Robinhood Markets Inc (NASDAQ: HOOD) has announced that its Robinhood Pockets is now formally accessible to all iOS customers through the Apple App retailer in additional than 130 international locations.
#RobinhoodWallet is now accessible to everybody with iOS: https://t.co/yUdL8jCgJN pic.twitter.com/q7RIWBJUIT
— Johann Kerbrat (@JohannKerbrat) March 1, 2023
Based on Robinhood Crypto GM Johann Kerbrat, the app has obtained constructive suggestions from customers and primarily based on the evaluations, has undergone loads of upgrades because the beta launch in September.
Johann Kerbrat acknowledged:
“Customers have instructed us they love how accessible and straightforward to make use of the app is, and that they actually benefit from the potential to self-custody their digital property and swap with no community charges on Polygon. Additionally they instructed us they need entry to extra cash on extra chains, which is why we’ve rapidly added help for Ethereum.”
He additional added:
“Whereas we acknowledge it’s been a tumultuous few months within the crypto house, we stay dedicated to our mission to make Robinhood essentially the most trusted, lowest price, and best to make use of on-ramp to crypto.”
Among the many key options of the app is its deal with safety. For safety functions, customers should arrange a FaceID/Contact ID unlock or create a customized PIN to entry the pockets each time. Apart from, customers should generate and retailer a restoration phrase.
Robinhood Pockets is a self-custody pockets that enables customers to swap and commerce crypto simply with out extra charges for crypto transfers. Its beta model was launched again in September 2022, giving 10,000 waitlisted prospects the flexibility to take part within the pockets’s testing part. Additional, in January 2023, the corporate began to roll out Robinhood Pockets to over 1 million customers waitlist.
Initially, Robinhood Pockets supported Polygon (MATIC). Now, it additionally helps Ethereum (ETH) and greater than 50 ERC tokens, in addition to permits customers to switch tokens like Compound (COMP), Shiba Inu (SHIB), Solana (SOL), Uniswap (UNI), USD Coin (USDC), and extra. As well as, the Robinhood Pockets app now helps non-fungible tokens (NFTs) on each Ethereum and Polygon.
With iOS customers in a position to get pleasure from the advantages of Robinhood Pockets now, an Android-compatible model can be launched later this yr.
Robinhood Going through Scrutiny from SEC
Not too long ago, Robinhood obtained an investigative subpoena from the US Securities and Alternate Fee (SEC) over its crypto exercise, notably “cryptocurrency listings, custody of cryptocurrencies, and platform operations.” It occurred a month after the FTX crypto alternate filed for chapter safety. As well as, earlier, Robinhood obtained related subpoena requests from the California Lawyer Normal’s workplace relating to its buying and selling platform, custody of buyer property, buyer disclosures, and coin itemizing.
When requested if the corporate would cease crypto buying and selling, Robinhood acknowledged that it is dependent upon the extent to which the SEC determines whether or not the cryptocurrencies it helps are securities. In that case, Robinhood may need to cease buying and selling these specific digital property. This may additionally lead to regulatory penalties, buyer liabilities, and judicial or administrative sanctions.
Darya is a crypto fanatic who strongly believes in the way forward for blockchain. Being a hospitality skilled, she is curious about discovering the methods blockchain can change completely different industries and convey our life to a special stage.