Trading platform Robinhood has launched its Web3 wallet on Apple’s App Store, becoming available to iOS users in over 130 countries.
Robinhood shared the news in a March 1 post, stating that users would no longer need to sit on a waitlist to access the new multichain self-custody wallet. Robinhood added that the wallet will come to on Android later this year.
Since the beta launch of the Robinhood Wallet in September, the trading platform integrated Ethereum — in addition to already supporting Polygon — and added 50+ ERC tokens that can be bought, sold and held on the self-custody wallet.
Robinhood Crypto general manager Johann Kerbrat said that the support for Ethereum and ERC-20 tokens came in response to customers wanting access to more coins and tokens on more chains.
Since the beta launch, Robinhood Wallet has also added a nonfungible token feature to enable users to collect and store their favorite collectibles on Ethereum and Polygon.
A Robinhood spokesperson stated that Robinhood NFTs would not be subject to Apple’s 30% commission on apps and in-app purchases of digital goods and services.
While the Robinhood Wallet is self custodied there is a range of self-verification methods that can be implemented to provide security to its Web3 users. Robinhood stated that users can and should back up their wallet” by writing it down, storing it offline or saving it in a secure manner.
