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Popular stock and crypto trading app Robinhood Wallet is making headlines with an exciting announcement in the crypto world. The platform has drawn attention by adding a new function based on the Polygon (MATIC) Blockchain. Let’s take a closer look at the details of this move.
Robinhood Makes New Announcement
Polygon (MATIC) had made its name in April as the Blockchain to go for stablecoins and NFTs. Despite MATIC’s lackluster price performance, the early second quarter of 2024 has been quite productive for Polygon (MATIC). Notably, significant steps have been taken in terms of on-chain records and integrations.
Robinhood Wallet announced an integration on Polygon (MATIC) that will enable cross-chain swaps. This step means that the mainstream multi-Blockchain trading application Robinhood Wallet now supports cross-chain swaps on Polygon’s Proof of Stake (PoS) network.
According to the announcement shared on April 27, 2024, this feature of Robinhood Wallet became possible thanks to the integration of 0x Project and LI.FI infrastructure protocols. Cross-chain swaps are now available for all tokens supported by both platforms.
What Does the Integration Provide?
Representatives from Polygon (MATIC) emphasized that this integration provides on-chain access to more than 23 million users of the Robinhood app. This means that MATIC has become easier and more accessible to a wider audience.
This announcement once again demonstrates Robinhood’s pioneering role in the crypto space. Previously noted for being among the first applications to list all spot Bitcoin ETFs, Robinhood also expanded its cryptocurrency trading services to EU countries in December 2023.
Access to Wider Audiences Achievable
The announcement for Polygon (MATIC) marks an important milestone in the series of successes in the second quarter of 2024. In the last 30 days, Polygon (MATIC) has become the leading EVM Blockchain in terms of transactions related to NFTs. Additionally, a recent report indicates that Polygon (MATIC) has recorded 1.9 million on-chain stablecoin users, surpassing competitors Ethereum (ETH) and Arbitrum (ARB).
These developments can be considered as a promising sign of the future for the Polygon (MATIC) community. Robinhood’s integration stands out as a step that enables the crypto world to reach increasingly wider audiences.
