Robinhood Incorporates MetaMask Features to Facilitate Easier Crypto Purchases
Investment app Robinhood has partnered with Consensys’s MetaMask ecosystem to make it easier for users to purchase cryptocurrency. The integration of Robinhood Connect with MetaMask’s Buy Crypto aggregator aims to reduce friction for Robinhood users when buying crypto. This service is currently only available for customers in the United States.
Robinhood Connect is a platform that allows users to buy and swap crypto and store it in self-custody wallets and decentralized applications. MetaMask’s Buy Crypto aggregator enables individuals to purchase cryptocurrency from various providers in 189 different countries, ensuring compliance with know-your-customer laws based on the user’s region.
“We’re excited to combine Robinhood’s low-cost, high-quality trading with MetaMask’s market-leading secure and self-custodial web3 wallet,” said Lorenzo Santos, Consensys Senior Product Manager.
About the Author
MK Manoylov has been a reporter for The Block since 2020. They have written nearly 1,000 articles covering various crypto news topics. MK holds a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider.
Hot Take: Robinhood and MetaMask Partnership Enhances Crypto Accessibility
The collaboration between Robinhood and MetaMask is a significant step towards making cryptocurrency more accessible to users. By integrating MetaMask’s features into its platform, Robinhood simplifies the process of purchasing crypto for its customers. This partnership combines the strengths of both companies – Robinhood’s low-cost trading and MetaMask’s secure web3 wallet – to provide a safe, affordable, and user-friendly crypto trading experience. With this integration, Robinhood users can easily buy and swap crypto while maintaining control over their assets through self-custody wallets and decentralized applications. This move further demonstrates the growing mainstream acceptance and adoption of cryptocurrencies.
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