Robinhood launches Robinhood Connect! Providing a more convenient Web3 experience for cryptocurrency wallets.

At the Web3 technology summit Consensus 2023, Johann Kerbrat, General Manager of Robinhood Crypto, announced the launch of "Robinhood Connect," a product that will allow its users to seamlessly interact with DeFi applications. This feature will enable Robinhood users to inject funds into their Web3 wallets without leaving the dApp or entering their Robinhood Crypto accounts.

• Robinhood Connect – Simplifying access to Web3
• Introducing more functionalities for cryptocurrency service users

Robinhood Connect – Simplifying Access to Web3

Developers are embedding Robinhood Connect into wallets or apps such as MyDoge Wallet, Giddy, Slingshot, allowing users to quickly deposit funds into their self-custodied wallets using debit cards, bank transfers, or Robinhood accounts, and freely purchase and transfer cryptocurrencies through Robinhood Crypto. Collaborations with Phantom and Exodus – Crypto Wallet are also in the pipeline.

In essence, Robinhood Connect enables external crypto wallet users to access assets in their Robinhood accounts directly from DeFi protocols or apps without needing to open the Robinhood app for operations like depositing or purchasing.

The official announcement states, "Users will have easier access to their Robinhood credentials, bypassing unnecessary steps."

Robinhood Connect – Enhancing Crypto Users' Experience

Additionally, Robinhood has introduced a range of new features for its app to optimize the user experience in cryptocurrency services. These include the "Crypto Home" feature that allows users to navigate to Robinhood Crypto directly from the homepage, advanced charts with multiple indicators, and more user-friendly price alerts. Users will find it simpler to manage their investment portfolios, track crypto asset prices, and add limit stop orders.

Johann Kerbrat, General Manager of Robinhood Crypto, explained, "Cryptocurrency and Web3 have the potential to improve the future of the financial system, but we understand that significant barriers to broader adoption still exist. We are confident in the future of Web3."

*Robinhood Financial and Robinhood Crypto are subsidiaries of Robinhood Markets. Robinhood Financial provides securities trading services regulated and protected by the Financial Industry Regulatory Authority (FINRA), while cryptocurrency trading is offered by Robinhood Crypto, licensed by the New York State Department of Financial Services for crypto business activities.