Trading Giant Robinhood Enables Transfers for Recently Listed Ethereum (ETH) Challenger

Customers of trading giant Robinhood can now perform external remittances on Ethereum (ETH) rival Avalanche (AVAX).

Robin Hood first launch July saw crypto transfers on and off the platform, last month added trading support for AVAX and XRP rival Stellar (XLM), and Thursday unlocked transfers for Avalanche.

AVAX is trading at $17.31 at the time of writing. The 17th largest crypto asset by market capitalization is down 0.46% over the past 24 hours and more than 2% over the past week. It is also down more than 88% from its all-time high of around $145 set in November 2021.

Robin Hood too sponsored Please note that this is an update on the crypto wallet rollout and the wallet should remain available to customers before the end of the year. The company says beta testing will begin this month.

The California-based company is a multi-chain cryptocurrency company that allows users to trade cryptocurrencies, access decentralized apps (DApps), farm yields, and store irreplaceable things. opened a waitlist of beta testers in May after announcing the launch of its non-custodial cryptocurrency wallet. Capabilities such as tokens (NFT).

Robinhood CEO Vladimir Tenev said in August that more than 1 million people had already requested early access to the retail trading platform Web3 wallet.

Robinhood had a difficult year laying off 9% of its staff in April and another 23% in August.

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Featured Image: Shutterstock/Zaleman