Robinhood has formally added help for Solana to its Pockets, increasing the platform’s crypto choices.
Johann Kerbrat, the Basic Supervisor of Robinhood Crypto, introduced this integration, which is able to allow customers to self-custody Solana (SOL) and conduct transactions over the Solana blockchain.
This transfer aligns with Robinhood’s broader technique to boost its Web3 pockets by incorporating extra blockchains and digital belongings, following earlier integrations of networks like Ethereum (ETH), Polygon (MATIC), and Bitcoin (BTC).
Robinhood and crypto
Earlier this yr, Robinhood demonstrated a rising curiosity within the cryptocurrency house. Notably, it it acquired crypto alternate Bitstamp.
Robinhood began utilizing its newly acquired Bitstamp licensing to supply crypto futures within the U.S. and Europe. The corporate plans to introduce Bitcoin and Ethereum futures buying and selling within the U.S., although an official launch date has but to be set as discussions are ongoing.
This transfer adopted Robinhood’s acquisition of Pluto Capital in July, which additional improved its crypto choices and attracted retail crypto purchasers.
The addition of Solana will permit Robinhood Pockets customers to handle their SOL holdings extra successfully, together with the power to ship, obtain, and retailer SOL securely.
