Robinhood’s DeFi Wallet Beta Sparks 4% Stock Surge, 1inch CFO Highlights Crypto Boom
HOOD•Robinhood shares climbed more than 4% after 1inch CFO highlighted its beta DeFi wallet integration offering token swaps and yield services, underscoring surging crypto adoption. The partnership leverages 1inch’s DEX aggregator to support non-custodial ETH-based assets and could boost transaction fees and wallet-driven revenue.
1. DeFi Wallet Launch and Partnership
Robinhood has launched a beta non-custodial DeFi wallet, integrating 1inch’s decentralized exchange aggregator to enable token swaps and yield-earning services on Ethereum assets. The 1inch CFO cited strong demand for decentralized finance, and Robinhood shares climbed more than 4% as investors anticipate higher fee-based revenue from wallet transactions.
