Robinhood is expanding its crypto offerings by adding support for the native asset of decentralized crypto exchange Uniswap (UNI).
In May, the trading company announced it was launching a new non-custodial crypto and non-fungible token (NFT) wallet.
Robinhood CEO and co-founder Vlad Tenev said in an interview with CNBC that the wallet will serve as a way to expand access to decentralized exchange platforms and hand over ownership of digital assets to their owners.
“Our primary objective is to give customers a great product, an opportunity to not just trade through the centralized exchange of Robinhood, but also keep complete control and custody of their keys and help them access decentralized exchanges and swap coins…
Our focus is on just making sure that this is the way for our customers to access Web 3.0 and maintain self custody going forward.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Profil_zero/WindAwake
This news is republished from another source. You can check the original article here.