Robinhood Wallet Adds Support for Token Swaps
Robinhood Wallet has joined forces with Arbitrum, the largest ETH Layer 2 network in terms of total value locked, to allow token swaps for its users.
In an announcement on Thursday, Robinhood Wallet stated that by providing access to Arbitrum’s advanced scaling solutions, users can now take advantage of low transaction fees and fast transaction speeds on one of the most popular networks in the crypto industry.
While Arbitrum swaps were previously in beta testing, they are now officially launched, according to Robinhood Crypto’s general manager Johann Kerbrat.
This feature allows users to directly exchange one token for another without the need to convert it to fiat currency first.
In addition to Arbitrum, Robinhood Wallet also supports swaps on the Ethereum and Polygon networks through decentralized exchange aggregators 0x API and LI.FI, as stated on its website.
The wallet does not charge any service fees for token swaps.
