Robinhood and Arbitrum have announced a partnership that simplifies the path to Level 2s (L2s) by giving Robinhood Wallet users access to Arbitrum exchanges through decentralized exchanges.
By opening up access to Arbitrum’s advanced scaling solutions, Robinhood Wallet users can now benefit from low transaction costs and fast transaction speeds on one of the most popular networks in the crypto ecosystem. In the coming months, Robinhood and Arbitrum will work together to support access to multi-chain exchanges and other campaigns that lower the barriers to using web3 in the Robinhood wallet.
“Ethereum gas fees are an essential part of network security, but these same fees can hinder adoption,” said Johann Kerbrat, CEO of Robinhood Crypto. “Layer 2, like Arbitrum, which is currently the leading chain with total locked value, help solve this problem for our users. Accessing and transacting on L2s has historically been difficult for non-crypto natives, but Robinhood Wallet now helps remove the complexity to help onboard those new to the web3.
Robinhood Wallet is a self-service wallet that serves as a web3 user portal where they can store and manage their crypto on the Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism and Base networks. The Robinhood wallet allows users to hold the private keys of their digital assets, giving them full ownership of their cryptocurrency.
The news underscores Robinhood and Arbitrum’s shared commitment to advancing DeFi accessibility. With both companies prioritizing continuous innovation and user-centric development, Robinhood Wallet users can anticipate a growing array of features designed to enhance their crypto experience.