Trading Giant Robinhood Enables Transfers for Recently Listed Ethereum (ETH) Challenger – The Daily Hodl

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Customers of the buying and selling large Robinhood can now execute external transfers of the Ethereum (ETH) competitor Avalanche (AVAX).

Robinhood first launched crypto transfers in and out of its platform in July, including buying and selling assist for AVAX and XRP rival Stellar (XLM) final month and unlocking transfers for Avalanche on Thursday.

AVAX is buying and selling at $17.31 at time of writing. The 17th-ranked crypto asset by market cap is down zero.46% prior to now 24 hours and greater than 2% up to now week. It additionally stays down more than 88% from its all-time excessive of around $145, which it hit in November of 2021.

Robinhood additionally provided an replace on its crypto wallet rollout, noting wallets should still be obtainable to customers by the end of the yr. The firm says beta testing begins this month.

The California-based firm opened a waitlist for beta testers in May after announcing that it was launching a multichain, non-custodial crypto wallet that may allow users to trade crypto, entry decentralized apps (DApps), do yield farming and retailer non-fungible tokens (NFTs), among different functions.

Robinhood CEO Vladimir Tenev famous in August that the number of folks who needed to get early entry to the retail buying and selling platform’s Web3 wallet had already surpassed 1 million.

Robinhood has had a tough yr, letting go of 9% of its employees in April and one other 23% of its workforce in August.

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Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your own danger, and any loses you may incur are your responsibility. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, nor is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/Zaleman

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