Robinhood Issues Crucial Announcement for Polygon (MATIC) Community


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Despite the poor performance of MATIC price, the beginning of Q2 2024 was very beneficial for Polygon (MATIC) in terms of on-chain recording and integration.

Robinhood Wallet enables cross-chain swaps on Polygon (MATIC)

Robinhood Wallet, a mainstream multi-blockchain trading application, now supports cross-chain swaps on Polygon’s Proof of Stake (PoS) network. Such a statement was shared by Polygon’s team today, April 27, 2024.

The integration was made possible thanks to 0x Project and LI.FI. Infrastructure protocol integration. Cross-chain swaps are now available for all tokens supported by the two platforms.

A representative from Polygon (MATIC) highlighted that on-chain access to the swap module is currently unlocked for more than 23 million Robinhood app users.

As previously covered on U.Today, Robinhood was one of the first applications to list all spot Bitcoin ETFs for trading.

Additionally, in December 2023, we expanded our virtual currency trading service to EU member countries. Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) are now available to crypto enthusiasts in Europe.

Polygon (MATIC) to become the go-to blockchain for stablecoins and NFTs in April

For Polygon (MATIC), the announcement by Robinhood marks another milestone in a series of achievements in Q2 2024.

Over the past 30 days, Polygon (MATIC) has become the leading Ethereum virtual machine blockchain in terms of NFT-related transactions.

Also, according to recent information, reportPolygon (MATIC) has registered 1.9 million on-chain stablecoin users, while its closest competitors Ethereum (ETH) and Arbitrum (ARB) have only registered 1.4 million stablecoin users each. It was.

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Vladislav Sopov

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