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Robinhood, Polygon, 0x Labs Simplifies Crypto Trading, ZRX Zooms 20%

Decentralized exchange infrastructure protocol 0x Labs on Wednesday announces the launch of Tx Relay API beta on Polygon and Ethereum. Meanwhile, crypto trading platform Robinhood announces that its Robinhood Wallet now supports both Polygon and Ethereum and is now available to iOS customers globally. Robinhood Wallet is the first to leverage the Tx Relay API by 0x.

0x Labs in a tweet on March 1 said the new Tx Relay API is powering crypto trades on the Robinhood Wallet. It enables users to trade without the complexities of loading wallets across multiple blockchains.

The firm noted that customers are required to hold each blockchain’s native token to pay for transactions. It is the major complexity in web3. The Tx Relay API by 0x Labs removes the difficulty of preloading wallets, moving balances across apps, and sending tokens between addresses to initiate transactions.

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