Trading giant Robinhood allows transfers for recently listed challenger Ethereum (ETH)

Customers of trading giant Robinhood can now execute external transfers from Ethereum (ETH) competitor Avalanche (AVAX).

Robinhood Prime threw Crypto transfers in and out of its platform in July, adding trading support for AVAX and Stellar (XLM), its XRP rival, last month and unlocking transfers for Avalanche on Thursday.

AVAX is trading at $17.31 at the time of writing. The 17th largest crypto asset by market cap is down 0.46% in the past 24 hours and more than 2% in the past week. It also remains down more than 88% from its all-time high of around $145, which it reached in November 2021.

Robinhood also has provided an update on its cryptocurrency wallet rollout, noting that the wallets should still be available to customers by the end of the year. The company says beta testing begins this month.

The California-based company opened a waiting list for beta testers in May after announcing that it was launching a multi-chain, custody-free cryptocurrency wallet that will allow users to trade cryptocurrencies, to access decentralized applications (DApps), to do yield farming and to store non-fungible tokens (NFTs), among other functions.

Robinhood CEO Vladimir Tenev reported in August that the number of people seeking early access to the retail platform’s Web3 wallet had already exceeded one million.

Robinhood has had a tough year, shedding 9% of its staff in April and 23% in August.

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