- Robinhood added Avalanche (AVAX) into its platform.
- The firm has ten listed crypto assets including recently added Cardano, Stellar Lumens, and Uniswap.
The popular brokerage app, Robinhood welcomed Avalanche (AVAX) and enabled its trading into the app. In its recent Tweet on September 29, 2022 the firm made the announcement.
— Robinhood (@RobinhoodApp) September 29, 2022
Source: Newly Listed Crypto, Robinhood
Previously Added Tokens on Robinhood
Robinhood has already added Stellar (XLM) and officially distributed Bitcoin transfers for its customers in July. The feature had been in the works since late September before the Robinhood users were not able to move their tokens in and out of the app.
Robinhood permits its customers to receive Bitcoin, Bitcoin Cash, Chainlink, Litecoin, Shiba Inu, and some other altcoins. Additionally it also supports multi-chain transfers for the Polygon (MATIC) crypto. The crypto was previously available on Ethereum, but the app later changed transfers on the Polygon network.
However, the customers of Robinhood need to verify their identity in order to gain the ability to transfer tokens and the amount of crypto that is moved per day is limited to $5,000.
While, in the beginning of this week, Robinhood brought in a beta version of its Web3 cryptocurrency wallet, which is a Polygon-based wallet and became available for 10,000 users. This will allow its users to connect to decentralized applications in order to earn yield. Robinhood further added that the application will permit trading tokens with zero network fees. Although the final version of the wallet will support non-fungible tokens (NFTs).
Furthermore, Robinhood launched its non-custodial wallets in May 2022, which allowed its customers to manage their own crypto.
Lastly, if we see the current trading of AVAX then it is trading at a price of $17.20 USD with the down of 0.59% in the last 24 hours.
Source: https://www.thecoinrepublic.com/2022/10/01/robinhood-welcomed-avax-to-its-platform/