Robinhood Release Beta Version Of Web3 Wallet

No-fee trading platform Robinhood has released a beta version of its upcoming Web3 wallet. The non-custodial wallet will allow users to connect to DApps and trade over 20 cryptocurrencies without any fees.

Robinhood, the commission-free stocks trading platform, has announced the release of its Web3 crypto wallet. The beta version wallet will be available to 10,000 users who signed up for the testing period when the product was first announced in May.

Public release of the wallet will be announced later

The non-custodial wallet will allow users to trade over 20 cryptocurrencies with zero fees, connect to decentralized applications (DApps) and also earn yield on their crypto assets. Robinhood is collaborating with decentralized exchange (DeX) aggregator 0x to offer the services to users.

In recent times, the company moved away from its “walled garden” approach of offering limited crypto assets and services to a much more open industry standard approach, making digital assets transfers broadly possible. In April, Robinhood released its first crypto wallet to 2 million users.

Ahead of launching its Web3 wallet, Robinhood listed USDC stablecoin on the trading platform, making it easier for users to trade cryptocurrencies on the platform without fears of volatility.