Cryptocurrency Trading Platform Robinhood Facilitates Easy Access to Web3 Features May 3, 2023 May 3, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMay 3, 2023 by Kelly Cromley

Cryptocurrency Trading Platform Robinhood Facilitates Easy Access to Web3 Features

robinhoodNew features have been introduced by the Robinhood team to make Web 3.0 trading easier. Robinhood Connect is claimed by the company to enhance the trustworthiness, affordability, and user-friendliness of Robinhood Crypto as a cryptocurrency on-ramp. Johann Kerbrat, the GM of Robinhood Crypto, has announced the launch of Robinhood Connect. This feature allows Robinhood customers to fund their Web3 wallets without leaving their dApps or Robinhood Crypto accounts.

Robinhood Crypto can be easily integrated into developers’ dApps, allowing their customers to purchase and transfer cryptocurrencies and fund their self-custody wallets.

“We acknowledge that there are still significant obstacles hindering widespread adoption, despite the potential for Crypto and Web3 to revolutionize the financial system for the better,” said Johann Kerbrat, the general manager of Robinhood Crypto. Robinhood remains confident in the potential of Web3 and has been developing new products that prioritize the accessibility and user-friendliness of cryptocurrency for customers. This reinforces Robinhood’s position as the most affordable and user-friendly gateway to crypto.

With the introduction of Connect, customers can bypass additional stages and access their Robinhood credentials. The Connect program has been initiated in a pilot phase with MyDoge and Phantom, and it will gradually expand to other partners in the upcoming months. They have enhanced their customers’ in-app experience and also developed Connect to provide a smooth entry point to the world of crypto.

These include:
Crypto Home Tab – We’ve overhauled our Robinhood App design to put Crypto front and center for our 23M customers. Users will see a new, dedicated Crypto tab on the app’s homepage, allowing them to navigate to Robinhood Crypto and manage their portfolios seamlessly.

Advanced Charts – This is one of the most requested features from our power Crypto users. With Robinhood Crypto’s advanced charts, users can easily fine-tune their trading strategy and track technical indicators—like MA, RSI, Volume, MACD, EMA, VWAP, and Bollinger bands— to help customers find the right opportunities to enter or exit positions.

Advanced Order Types – Another one of our top requested features, advanced order types allow users to place stop orders and stop limit orders.

Price Alerts – Users can keep a pulse on the markets and trade on the go with the ability to build personalized pricing alerts based on their trading strategy.

Learn and Earn – Learn and Earn is an educational program that teaches customers the value and the underlying technology behind digital assets to help them feel confident in buying and trading cryptocurrencies. Customers can earn small amounts of crypto by completing educational tasks like short video lessons and quizzes. Since launching at the end of 2022, more than 1M customers have participated in these modules.

People who were previously shut out of the traditional financial system now have a chance thanks to the lower entry barriers in the cryptocurrency industry. The wealth disparity may narrow as a result of this. By exposing more individuals to the world of cryptocurrencies via greater education, a more intuitive user experience, and tools like Robinhood Connect, Robinhood intends to make it simpler for users to begin their Web3 adventure.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.