Retail trading giant Robinhood says it’s “hard at work” trying to incorporate Dogecoin (DOGE) into its brand new crypto wallet product.
Robinhood just launched its new wallet this week and is in the process of rolling it out to more than one million users.
The new product operates as a standalone smartphone app that enables users to trade crypto assets, access decentralized apps (DApps) and store non-fungible tokens (NFTs).
The Web3 wallet uses the layer-2 scaling solution Polygon (MATIC) to enable swaps without network fees, and it also supports leading smart contract platform Ethereum (ETH). Customers can transfer and trade more than 50 tokens.
Some crypto traders on Twitter, however, questioned when Robinhood would extend support to the leading memecoin.
Says Robinhood,
“Don’t worry, we’re hard at work on supporting DOGE.”
Robinhood crypto CTO Johann Kerbrat also says that the company was “adding more chains as we speak.”
DOGE is trading around $0.086 at time of writing. The ninth-ranked crypto asset by market cap is up 5.41% in the past 24 hours. It’s also up nearly 25% since the start of 2023. However, despite DOGE’s recent price gains, it remains more than 88% down from its all-time high of $0.731, which it hit in May 2021.
Robinhood initially released the beta version of its crypto wallet to 10,000 customers last September.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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