Trading platform Robinhood has integrated cryptocurrency wallet MetaMask into its product, allowing customers to snap digital assets effortlessly.
In Tuesday’s announcement,ConsenSys, the software company that developed MetaMask, said its U.S. customers will be able to buy digital coins and tokens through Robinhood’s low-cost ordering engine. (Disclosure: ConsenSys also incubates Decryption He is one of the company’s 22 investors. )
According to the company, the idea is to make the process of buying cryptocurrencies from different providers faster and easier. This means easier access for Robinhood customers.and Ethereum-based tokens etc. (Uni), (Link), (AAVE), (comp), and (SHIB).
MetaMask is a popular Ethereum wallet and extension available for browsers Google Chrome, Brave, Edge, and Firefox.
It works by connecting your internet browser to the Ethereum blockchain, allowing users to store their keys and trade them on exchanges and decentralized apps.
Robinhood was initially an investment app that allowed users to buy and sell stocks, but in recent years it has also entered the world of cryptocurrencies.
Lorenzo Santos, senior product manager at ConsenSys, said in a statement that the integration “gives more people a seamless, self-storage experience by offering more purchasing options with the service providers they already use and trust. “This will allow people to access cryptocurrencies in a variety of ways.”
Song Li, head of product at Robinhood Crypto, added that this feature “allows users to start using cryptocurrencies right away.”
Last year, Robinhood released Robinhood Wallet, a software wallet that competes with MetaMask. It allows users to exchange and transfer cryptocurrencies and view the NFTs and cryptocurrencies they own.