BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Robinhood Proposes Web3 Wallet without Swap Fees

BlockNews.com Team by BlockNews.com Team
June 9, 2022
in BUSINESS, DEFI, INVESTING
Reading Time: 2 mins read
1
SHARES
13
VIEWS
Share on XShare in TelegramShare on Reddit

Top centralized exchange platform Robinhood announced an establishment of their own web3 wallet with zero swap fees. Ever since the announcement, over 150,000 people have signed up to be part of the waitlist.

Pre-registered users can also refer to their friends, although Robinhood has not set a date for the wallet’s release. However, they did release a new ad for the latest feature, citing “Trade and swap crypto, no network fees.”

Robinhood Still on the Road to Improvement

The exchange app started its crypto trading without fees in 2018. Although, a lot of users still show their dissatisfaction, specifically with the lack of token withdrawals. This issue became most prevalent during the Dogecoin hype and GMC tendies from January to April 2021, despite their earlier announcement regarding a feature to withdraw crypto tokens.

The DOGE and GMC Issue

In the early months of 2021, there have been several controversies surrounding the lack of withdrawals for dogecoin and GMC on Robinhood. Some investors have accused the company of not allowing them to access their funds, while others have claimed that they have been unable to withdraw their money due to technical issues.

However, it is important to note that Robinhood was not the only exchange that faced these issues. In fact, many other exchanges have also struggled to deal with the increased demand for Dogecoin and GMC withdrawals.

The reason for this is simple: the price of Dogecoin and GMC skyrocketed from January to April. As a result, many people are looking to cash out their profits. However, because there is a limited supply of these coins, exchanges are struggling to keep up with the demand.

This has led to a number of issues, including long delays in processing withdrawals and even some investors being unable to access their funds at all.

Robinhood Summary

Robinhood is a commission-free stock, options and cryptocurrency trading platform that allows users to trade online. The users criticized the company for lack of transparency and customer service and its business model that relies on high-frequency trading. However, it has also been praised for its simple and intuitive interface, which makes it easy to use for beginners.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: RobinhoodWeb3
TweetShareShare
BlockNews.com Team

BlockNews.com Team

The go-to news source for Cryptocurrency, Blockchain, Technology, & Finance

DON'T MISS THESE! HOT OFF THE PRESS

Can XRP Hit $4.29? Spot ETF Buzz and RWA Growth Fuel Bullish Setup
CRYPTO

Can XRP Hit $4.29? Spot ETF Buzz and RWA Growth Fuel Bullish Setup

September 16, 2025
Is Pudgy Penguins the Next Big Memecoin? PENGU Eyes $0.040 After Supply Burn
CRYPTO

Is Pudgy Penguins the Next Big Memecoin? PENGU Eyes $0.040 After Supply Burn

September 16, 2025
Avalanche Price Struggles Near $30 as ETF Buzz Builds Momentum
CRYPTO

Avalanche Price Struggles Near $30 as ETF Buzz Builds Momentum

September 16, 2025
Will Chainlink (LINK) Flip Cardano and Tron? Price Nears $30 With Tesla-Like Momentum
CHAINLINK

Will Chainlink (LINK) Flip Cardano and Tron? Price Nears $30 With Tesla-Like Momentum

September 16, 2025
TRON Price Analysis: Will TRX Break Out of $0.35 Resistance as Futures Buyers Dominate?
CRYPTO

TRON Price Analysis: Will TRX Break Out of $0.35 Resistance as Futures Buyers Dominate?

September 16, 2025
Solana Price Outlook 2025: From 60% Crash to 132% Recovery, DeFi Growth and ETF Buzz
CRYPTO

Solana Price Outlook 2025: From 60% Crash to 132% Recovery, DeFi Growth and ETF Buzz

September 15, 2025
Load More

Related News

XRP Price Nears Final Resistance as Traders Eye Gann Fan Breakout

XRP Price Nears Final Resistance as Traders Eye Gann Fan Breakout

September 16, 2025
Can XRP Hit $4.29? Spot ETF Buzz and RWA Growth Fuel Bullish Setup

Can XRP Hit $4.29? Spot ETF Buzz and RWA Growth Fuel Bullish Setup

September 16, 2025
ETH Faces Rejection at $4,763: Will Ethereum Consolidate Between $4.47K and $4.6K?

ETH Faces Rejection at $4,763: Will Ethereum Consolidate Between $4.47K and $4.6K?

September 16, 2025
Bitcoin Rally Shows Strength but Caution Signals Start to Flash

Bitcoin Rally Shows Strength but Caution Signals Start to Flash

September 16, 2025
The Complete Guide to Joining the Top 10% of Profitable Crypto Traders

The Complete Guide to Joining the Top 10% of Profitable Crypto Traders

September 16, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews