Retail Trading Giant Robinhood Hard at Work Incorporating Dogecoin (DOGE) Into Brand-New Crypto Wallet

Retail trading giant Robinhood says it is working hard on incorporating Dogecoin (DOGE) into its new cryptocurrency wallet product.

Robinhood just launched a new wallet this week and is rolling it out to over 1 million users.

The new product operates as a standalone smartphone app that allows users to trade crypto assets, access decentralized apps (DApps), and store non-fungible tokens (NFTs).

Web3 Wallet uses the layer 2 scaling solution Polygon (MATIC) to allow swaps without network fees and also supports the leading smart contract platform Ethereum (ETH). Customers can transfer and trade over 50 tokens.

However, some crypto traders on Twitter questioned when Robinhood will extend support to major memecoins.

According to Robin Hood,

“Don’t worry, we are working hard to support DOGE.”

Robinhood crypto CTO Johann Kerbrat also To tell The company said it was “adding more chains as we speak.”

DOGE is trading around $0.086 at the time of writing. The 9th largest crypto asset by market capitalization is up 5.41% over the past 24 hours. It’s also up nearly 25% since the beginning of 2023. However, despite DOGE’s recent price hike, it is down more than 88% from its all-time high of $0.731 set in May 2021.

first robin hood release In September last year, we launched a beta version of our cryptocurrency wallet to 10,000 customers.

Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook When telegram

Surf The Daily Hodl Mix

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: In the middle of the journey
Featured Image: Shutterstock/MrArtHit