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Robinhood’s Crypto Wallet Adds Bitcoin and Dogecoin

The company is also beginning to roll out Ethereum swaps.

By Danny Nelson
AccessTimeIconAug 30, 2023 at 4:39 p.m. UTC
Updated Sep 22, 2023 at 3:25 p.m. UTC
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Robinhood Markets Inc. on Wednesday added wallet support for bitcoin (BTC) and dogecoin (DOGE), increasing the breadth of its crypto wallet beyond the Ethereum ecosystem.

All users of Robinhood wallet can now send and receive BTC and DOGE, the company said in an emailed statement. It said its six-month-old wallet has hundreds of thousands of users spread across 140 countries.

Previously, that wallet was restricted to sending and receiving ether (ETH) and tokens built on the Ethereum blockchain – much like Metamask. But Robinhood said its customers wanted more assets on more chains, leading to the product expansion.

The company also on Wednesday began rolling out swap features for “select users” that allow them to trade ether for over 200 different assets. The wallet is capable of charging users gas fees – the price for transacting on Ethereum – from any tokens they hold, not just ETH. All users will have access to the swap feature in the coming weeks, Robinhood said.

Edited by Nick Baker.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Danny Nelson
Danny Nelson

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

Follow @realDannyNelson on Twitter

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