Robinhood Pockets has added assist for Solana

• Robinhood Pockets now helps Solana tokens, with the self-custody pockets obtainable on iOS and Android.
• Solana value rose barely after the information.

The Robinhood Pockets, a self-custody pockets app obtainable on iOS and Android, has added assist for Solana (SOL).

Robinhood introduced the massive information on August 27, offering a optimistic flip in Solana sentiment as costs hovered close to $155. SOL value rose barely on the information earlier than retreating because the broader market struggled.

With assist for SOL and Solana-based tokens, the pockets has added a brand new gateway to web3 for cryptocurrency’s fifth-largest asset by market cap. It’s additionally an enormous increase for an ecosystem that has over $9.8 billion in whole worth locked and greater than 1.99 million lively addresses (24-hour rely).

Robinhood Crypto normal supervisor Johann Kerbrat commented on the pockets’s assist for SOL and SLP tokens:

“Tremendous excited to announce that the Solana community is now dwell on Robinhood Pockets! Beginning at present, you may self-custody Solana tokens and ship + obtain over the Solana blockchain.”

Robinhood 🤝 Solana

Simply in: Robinhood Pockets has added assist for Solana! https://t.co/Qxsu8mrVTE pic.twitter.com/7VumKVvCgT

— Solana (@solana) August 27, 2024

Common Solana wallets

Robinhood’s self-custody pockets that permits customers to carry their non-public keys and have full management over their property, additionally helps lots of the high cryptocurrencies. These embody Bitcoin, Ethereum, Dogecoin, Arbitrum, and Polygon. The pockets additionally helps Optimism and Base tokens.

A number of wallets – each browser-based and cellular app-based, assist SOL and its ecosystem tokens.

Key integrations or options for these wallets embody dApp connectivity, native staking and native swaps. Common wallets are Phantom, Solflare and Torus, whereas {hardware} wallets equivalent to Ledger and SafePal additionally assist SOL.