Robinhood Wallet, a self-custody cryptocurrency wallet through Robinhood Non-Custodial, Ltd, now allows cross-chain exchange on Polygon (MATIC).
Despite weak MATIC price performance, the start of Q2 2024 has been very fruitful for Polygon (MATIC) in terms of datasets and on-chain integrations, U.Today reports.
Robinhood Wallet, the main multi-blockchain trading app, has connected cross-chain swaps on Polygon PoS for tokens supported by 0xProject and lifiprotocol.
Information about this was published by the Polygon team on their official X page.
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The integration was made possible by combining infrastructure protocols from 0xProject and LI.FI. Cross-network swaps are now available for all tokens supported by both platforms.
Access to the swap module on the Polygon blockchain is now open to more than 23 million users of the Robinhood app, Polygon (MATIC) said.
Robinhood was one of the first companies to offer spot Bitcoin ETFs for trading. Robinhood also expanded its cryptocurrency trading services to EU countries in December 2023. European crypto traders will be able to trade Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Polygon (MATIC) became the primary blockchain for stablecoins and NFTs in April. Robinhood's announcement was another milestone in a string of Q2 2024 achievements.
Over the past 30 days, Polygon (MATIC) has become the leading Ethereum Virtual Machine blockchain in terms of NFT-related transactions.
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According to the latest reports, Polygon (MATIC) has 1.9 million stablecoin users on the network, surpassing Ethereum (ETH) and Arbitrum (ARB), which have gained 1.4 million stablecoin users each. This strengthens Polygon's position as the blockchain of choice for stablecoins and NFT in April.
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