Hassan Maishera
TL;DR
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Robinhood has integrated MetaMask’s Buy Crypto aggregator.
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The investment app wants to make it easier for its users to purchase cryptocurrencies.
Robinhood Integrates MetaMask
Investment app Robinhood has integrated MetaMask's Buy Crypto aggregator on its platform. The feature will enable easier crypto purchases via the Robinhood app.
The integration of Robinhood Connect with MetaMask's Buy Crypto aggregator intends to reduce friction for Robinhood users purchasing cryptocurrency, according to a statement. However, at the moment, the service will only be available for customers in the United States.
Robinhood Connect is Robinhood’s platform that allows users to buy and swap crypto to self-custody wallets and decentralized applications. Meanwhile, MetaMask's Buy Crypto aggregator enables individuals to purchase cryptocurrency from numerous providers in various countries and follows know-your-customer compliance laws based on a user's region.
While speaking to The Block, Lorenzo Santos, Consensys (company behind MetaMask) Senior Product Manager said,
"We're excited to combine Robinhood's low-cost, high-quality trading with MetaMask's market-leading secure, and self-custodial web3 wallet. This partnership offers our users the best of both worlds, connecting our customer base to ensure crypto trading is safe, accessible and affordable."
This latest development comes roughly three weeks after Robinhood added support for the eleven recently approved spot Bitcoin exchange-traded funds (ETFs) in the United States.
