Robinhood Wallet Integrates Polygon for Cross-Chain Swaps

Last updated: April 30, 2024 3:09 PM

Published April 28, 2024 2:12 AM

Last updated: April 30, 2024 3:09 PM

Published April 28, 2024 2:12 AM

Robinhood Wallet has announced its support for cross-chain swaps through collaborations with 0x Project and LI.FI protocols.

Robinhood Wallet has enabled crosschain swaps on Polygon PoS for tokens supported by @0xProject and @lifiprotocol.

👉🏼 enabling onchain access to over 23 million users on @RobinhoodApp pic.twitter.com/JbUGxUdiVT
— Polygon | Aggregated (@0xPolygon) April 26, 2024

This new functionality allows Robinhood users to easily swap tokens across different blockchain networks supported by 0x and LI.FI, streamlining the trading process and increasing efficiency within Robinhood’s multi-chain ecosystem.

Moreover, this highlights Polygon’s recent growth in the crypto world, particularly for stablecoins and NFTs. Recent data shows that Polygon surpassed Ethereum and Arbitrum last month, recording 1.9 million on-chain stablecoin users.

Polygon has also emerged as the leading EVM-compatible chain for NFT transactions due to its faster speeds and lower costs compared to rivals. Its partnership with a mainstream platform like Robinhood underscores Polygon’s commitment to interconnectivity.