Cryptocurrency wallet MetaMask now allows users to purchase crypto assets through the popular online trading platform Robinhood. Consensys, the developer of Metamask, announced this on February 6th.
MetaMask users can now purchase crypto assets using Robinhood’s order flow, and Robinhood account holders can now deposit and transfer crypto assets to MetaMask.
The service integrates a fiat currency crypto trading feature called Robinhood Connect with MetaMask’s “Buy Crypto” feature.
Cryptocurrency trading capabilities using fiat currencies, so-called on-ramps, are an important part of the infrastructure that connects traditional banking methods and the blockchain-based crypto economy. It plays an important role in engaging users in Web3 applications.
Robinhood announced its unique onramp feature in April 2023 as a way for users to fund their crypto wallets without leaving the decentralized application.
“We understand that users of crypto assets and the internet are demanding greater control and ownership,” Lorenzo Santos, senior product manager at ConsenSys, said in a release.
“By giving users more purchasing options using service providers they already use and trust, we are empowering more people to access their crypto assets in a seamless and self-custodial manner. to support”
In December 2023, U.S.-based Robinhood expands its cryptocurrency trading services to the UK and Europe, making it easier to trade overseas by clarifying its support for the European Union’s comprehensive digital asset regulations. is expanding.
｜Translation/Editing: CoinDesk JAPAN Editorial Department
｜Original text: MetaMask Deal With Robinhood Broadens Crypto Access