Popular cryptocurrency investment app Robinhood, according to a recent Tweet Avalanche (AVAX) altcoin made transfers available for
Robinhood, AVAX token Stellar (XLM) and made it available for trading on its platform.
The company launched Bitcoin transfers for its customers in July. This feature has been in development since late September of last year.
Avalanche (AVAX) Altcoin Now Available to Deposit and Withdraw on Robinhood
Prior to this, Robinhood users could not move their tokens in and out of the app.
🔺 You can now send & receive #AVAX on Robinhood @avalancheavax
— Robinhood (@RobinhoodApp) September 29, 2022
The company customers Bitcoin, Bitcoin Cash, Chainlink, Litecoin, Shiba Inu and allows to transfer coins like some other altcoins.
Robinhood also Polygon (MATIC) It also supports multi-chain transfers for cryptocurrency. MATIC was initially only available in-app on the Ethereum network, but later transfers were also possible on the Polygon network.
Clients of the popular investment app have to verify their identity to be able to transfer tokens. Robinhood, an extremely popular app in the US, was previously used for stock trading.
The company has gravitated towards the cryptocurrency space in recent years.
Earlier this week, Robinhood introduced the beta version of its Web3 cryptocurrency wallet. The Polygon-based wallet has become available for 10,000 users. It also allows users to connect to decentralized applications to generate revenue.
Robinhood also says that the app will allow token trading with zero network fees. The latest version of the wallet will also support non-fungible tokens (NFTs).
*Not investment advice.
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