The self-custody, Web3 wallet Robinhood Wallet has been launched by the cryptocurrency and stock trading platform Robinhood, using Polygon as its first supported blockchain. Users will be able to carry out routine actions including trading, earning rewards, storing, and Dapp-based yield farming of cryptocurrencies during the beta release. The first 10,000 people who joined the waitlist in May 2022 will have access to it. The Robinhood Wallet, which is originally hosted over the Polygon blockchain, enables users to trade and shift cryptocurrencies without paying network fees. Johann Kerbrat, the chief technology officer of Robinhood Crypto, the cryptocurrency trading platform of Robinhood, offered his opinions on the introduction of the crypto wallet. “Launching the Robinhood Wallet beta marks a significant step forward in our journey to make Robinhood the most trusted and simple crypto platform for customers. Like we did with the stock market, Robinhood Wallet strips away some of the complexities of web3 and DeFi to make crypto more accessible to everyone.” More than a million users have joined the waitlist, according to Robinhood.