Shiba Inu (SHIB), Ethereum (ETH) Now Supported on Robinhood Wallet: Details

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Tomiwabold Olajide

Robinhood wallet has added support for Ethereum network and ERC-20 tokens

In September of last year, Robinhood announced the launch of its beta Web3 wallet, allowing 10,000 waitlisted customers to participate in the wallet’s testing phase.

The product called Robinhood Wallet allows users to trade and swap cryptocurrencies with no network fees, announced Polygon as its first supported blockchain.

In a new tweet, Robinhood Crypto general manager Johann Kerbrat announced that, in addition to Polygon, support for the Ethereum network has now been added. Likewise, support for more than 50 ERC-20 tokens listed in Robinhood app, including Shiba Inu.

This allows customers to be able to transfer tokens like COMP, MATIC, SHIB, SOL, UNI, USDC and others from the Robinhood app and other platforms to their Robinhood Wallet.

In April of last year, Shiba Inu was listed on the Robinhood app, much to the delight of the SHIB community. A petition to list the dog-themed cryptocurrency on the commission-free investing app reached nearly 600,000 signatures.

Rollout commences

Johann Kerbrat stated that the rollout of the Web3 Robinhood Wallet to its over 1 million waitlists has begun. The released Robinhood wallet contains changes made based on customer feedback since the beta program.

In this regard, support for NFTs on both Ethereum and Polygon has been added, enabling users to safely view and store their favorite collections.

Along with these improvements, users would still be able to swap cryptocurrencies and tokens with no network fees on Polygon, and likewise connect to their favorite Web3 apps.

Kerbrat announced that in the coming weeks, access codes that will give its customers entry to the Robinhood Wallet iOS app will be shared through email. Users who download and gain access are eligible to receive $5 in cryptocurrency in their wallets.