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Fortune

Ben Weiss

Robinhood to let customers buy crypto using outside wallets and apps: ‘Our conviction in the future of Web3 remains strong’

Robinhood Crypto Vlad Tenev Bitcoin Fortune

Vlad Tenev, CEO of Robinhood, speaks during an interview in Menlo Park, California. (Credit: David Paul Morris—Bloomberg/Getty Images)

Robinhood, an online stock brokerage that has expanded into crypto, announced on Thursday a new product for Web3 developers: Robinhood Connect.

The feature allows customers using outside wallets and decentralized applications, or programs running on blockchains, to buy tokens through the brokerage’s crypto exchange. Robinhood currently lets users trade 18 cryptocurrencies on its platform, from mainstays like Bitcoin and Ether to memecoins like Dogecoin and Shiba Inu.

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