On April 27th, Robinhood announced a new feature which will reportedly enable users to access its crypto features via external applications. The team launched a non-custodial (or self-custodied) iOS wallet to a select group of users in January 2023, with availability for the app being extended in March 2023. According to an official press release, the feature shall be added to two crypto wallets first, namely the Solana wallet known as Phantom and the multi-coin wallet called Exodus. The feature will also be gradually expanded to other applications in the coming months. As per the press release, Robinhood Connect will enable users to fund their respective Web3 wallets while utilizing various other dApps without having to log into their Robinhood Crypto account. Users will therefore be allowed to access their Robinhood credentials and avoid additional steps, streamlining the entire process. Lastly, according to several reports, the Connect functionality will permit users to trade assets through the crypto exchange feature provided by Robinhood.
