Online brokerage %Robinhood ($HOOD) has added %Bitcoin ($BTC) and %Dogecoin ($DOGE) to its %Cryptocurrency wallet that is popular among retail investors.
A cryptocurrency wallet is a device or program that stores cryptocurrencies and allows owners to access their holdings of digital coins and tokens.
Until now, the crypto wallet available from Robinhood only allowed users to store Ethereum (ETH) tokens.
Going forward, users of Robinhood’s cryptocurrency wallet will be able to send and receive Bitcoin and Dogecoin in addition to Ethereum, the company said in a written statement.
Robinhood added that its crypto wallet, launched six months ago, has hundreds of thousands of users spread over more than 140 countries.
The company said it has expanded the crypto wallet in response to customer demands for access to more digital assets.
Robinhood also said that it is in the process of rolling out swap features that will allow its customers to trade Ethereum for over 200 other digital assets.
Best known for helping to facilitate the meme stock craze of 2021, Robinhood’s stock has increased 16% over the last 12 months and currently trades at $11.06 U.S. per share.
The price of Bitcoin, the largest cryptocurrency by market capitalization, has gained 5% in recent days and risen to $27,000 U.S. on positive news related to the development of cryptocurrency exchange-traded funds (ETFs).