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Robinhood Just Added Support for Cryptocurrencies Aave (AAVE) and Tezos (XTZ) To Its Platform

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Trading app Robinhood has added support for cryptocurrencies Aave (AAVE) and Tezos (XTZ) to its platform. Robinhood now offers 19 crypto tokens for trading on its app, including bitcoin (BTC), ether (ETH), Solana’s SOL, and Polkadot’s DOT.

Robinhood announced back in July of this year that they will be continuing their collaboration with Polygon. The 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. 

At the end of last month, Robinhood released a beta version of its web3 wallet, allowing users to swap assets on its non-custodial wallet. The “Robinhood Wallet” is Polygon based and will be accessible to the first 10,000 users who signed up for the testing period back in May 2022 – ahead of its public release.

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