Robinhood has formally added assist for Solana to its pockets, increasing the platform’s cryptocurrency choices.
Johan Kjellbladt, common supervisor of Robinhood Crypto, stated: IntegrationThis may permit customers to self-custody Solana (SOL) and conduct transactions on the Solana blockchain.
The transfer follows earlier integrations of networks like Ethereum (ETH), Polygon (MATIC), and Bitcoin (BTC), and is in keeping with Robinhood’s broader technique to strengthen its Web3 pockets by incorporating extra blockchain and digital belongings.
Robinhood and Cryptocurrency
Earlier this 12 months, Robinhood signaled rising curiosity within the cryptocurrency area, most notably by buying cryptocurrency alternate Bitstamp.
Robinhood has begun providing cryptocurrency futures buying and selling within the U.S. and Europe utilizing a newly acquired Bitstamp license. The corporate plans to introduce Bitcoin and Ethereum futures buying and selling within the U.S., however no official launch date has been set but as discussions are ongoing.
The transfer follows Robinhood’s acquisition of Pluto Capital in July, which additional improved the corporate’s cryptocurrency providers and gained retail crypto prospects.
The addition of Solana will permit Robinhood Pockets customers to extra effectively handle their SOL holdings, together with the flexibility to securely ship, obtain and retailer SOL.
