Robinhood just announced on Twitter that they will be continuing their collaboration with Polygon. The newly reported deal states that $MATIC ERC-20 deposits and withdrawals will be supported on the Robinhood trading platform. Polygon is the parent company that created Matic. Polygon was formerly called The Matic Network – before the renaming.
The new support will make it possible for all qualified users of the Robinhood app who have access to the WebWallets functionalities on the waitlist to now send and receive any Matic that is currently listed on the app.
According to the Robinhood website, users who are eligible to access withdrawal and deposit facilities also enjoy free trading, unlike other exchanges that charge trading fees. Robinhood’s continued aim is to democratize finances for everyone across the world. The co-founder of Polygon wrote on Twitter that the team “will continue to build the infrastructure for mass adoption of Polygon and Ethereum.”
