Robinhood plans to compete with MetaMask

Robinhood has announced plans to introduce a standalone DeFi hot wallet. With its help, participants can implement transactions with digital currencies, as well as with non-fungible tokens. This version will be a standalone tool linked to the Robinhood marketplace and will have features similar to other hot wallets. Take MetaMask as an example.

The company explained that this wallet will give participants the necessary level of control over the available resources. This will help to conduct trade and exchange operations, place bets and make a profit when using decentralized platforms and at outlets for non-fungible tokens. The wallet from Robinhood, which will hit the market this year, has already collected a list of waiting users. Company representatives think that a digital asset is something more than just a resource. Decentralized finance will help implement a system that creates the future for finance. The organization wants to provide support to clients so that they can understand and experience the full range of possibilities.

Representatives of the company also spoke about the purpose of creating the tool. It is designed for experienced users and newcomers who have just entered the market.

Additionally, among the positive aspects, one can single out the comfort from using the tool. This is due to the fact that the company will provide the necessary operations for transactions.

The organization does not plan for clients to lose assets and income after the implementation of transactions or the withdrawal of commissions. Additionally, it was announced that Robinhood will work in conjunction with other liquidity companies to provide the best possible value. However, it remains a secret which moments will be supported.
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