Robinhood extends Web3 wallet support to bitcoin, dogecoin

Six months after its public launch, the self-custody offering has begun enabling in-app swaps on the Ethereum network

article-image

Sergei Elagin/Shutterstock modified by Blockworks

share

Users of Robinhood’s self-custody Web3 wallet can now use the Bitcoin and Dogecoin networks to custody, send and receive crypto, the investing platform revealed Wednesday.

The company first rolled out the wallet for select iOS customers in September 2022 — noting at the time that Robinhood Wallet would use Polygon as its first blockchain. The offering went live on iOS devices across 130 companies in March. 

In those six months since, Robinhood has “heard loud and clear that people want access to more coins on more chains,” the company said in a Wednesday blog post. 

After launching Robinhood Wallet with custody, send and receive support for Polygon and Ethereum, it added support on layer-2s Arbitrum and Optimism, before the Wednesday unveiling of Bitcoin and Dogecoin.

In addition to adding bitcoin and dogecoin network support for all users, Robinhood is enabling in-app swaps on the Ethereum network. These are available to select users for more than 200 tokens starting Wednesday. The platform said it will make them available to everyone in the coming weeks.

Previously, users of Robinhood’s wallet could only swap crypto on the Polygon network via decentralized exchange aggregator 0x API.  

Robinhood Wallet users are able to swap without holding ether (ETH), as network fees are automatically deducted from the tokens they already hold, the company said.

“With Robinhood Wallet we stripped away many of the complexities of DeFi and the broader Web3 ecosystem, and reduced some of the challenges and barriers to entry for everyday people,” Johann Kerbrat, general manager of Robinhood Crypto, said in a statement. 

The product expansion comes after the company launched Robinhood Connect in April — a way for certain US users to buy and transfer crypto to and from their Web3 wallet. 

The company said in the Wednesday blog post it is “actively working to broaden access to other low-cost, fast and secure [layer-2] chains that users have asked for.”


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

recent research

dydx unlimited.png

Research

dYdX Unlimited is a revamp to the protocol's design and tokenomics.