![]() Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options trading entails significant risk and is not appropriate for all customers. ![]() RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement). RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. A list of our licenses has more information. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). “We’re delighted Robinhood has introduced on-chain support for MATIC deposits and withdrawals, further enhancing their impressive suite of integrated services, enabling access to the Coinbase wallet and Metamask, making accessing digital currencies and now MATIC as seamlessly as possible for their users,” said Hamzah Khan, Head of DeFi at Polygon.Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). The platform has pledged to become carbon-negative by the end of the year and committed $20 million to sustainability projects. As the leading scaling platform, Polygon helps take the load off the Ethereum mainnet and execute transactions off-chain, offering lower gas fees and higher throughput without compromising on security.Īs a carbon-neutral network, Polygon also ensures that each transaction's carbon footprints are entirely offset. Polygon was a good fit for Robinhood since it allows users to save money on fees and eliminates long confirmation times while enabling them to benefit from Ethereum’s robust security model. The integration enables Robinhood customers to use the MATIC on the PoS chain to perform various activities like lending, borrowing, providing liquidity, swapping for other tokens on the Polygon PoS chain, and multiple other use cases available to them on the PoS chain through more than 37,000 dApps deployed on-chain like AAVE, Uniswap, and Balancer. Functionality that is only currently provided by major cryptocurrency exchanges like Binance,, and many others. The news comes shortly after the listing of Polygon’s MATIC token on Robinhood, allowing users to freely buy and sell MATIC in the app. This is important because, in addition to buying and selling, users can now transfer MATIC to and from the Polygon network via Robinhood without paying bridging fees. The development follows Robinhood’s recent announcement that it supports individual users’ cryptocurrency wallets so anyone can deposit and withdraw crypto. The move is set to bring all of the benefits of Ethereum’s Layer-2 (L2) solutions to Robinhood users for the first time, including faster transactions and lower fees as compared to Ethereum. ![]() Today, we’re thrilled to announce that Robinhood, the popular stock and crypto investing app in the US, has launched support for deposits and withdrawals of MATIC on the Polygon Proof-of-Stake (PoS) chain.
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