Robinhood expands services in the European cryptocurrency market
Robinhood expands services in the European cryptocurrency market
Robinhood, an American financial company, has announced the launch of cryptocurrency transfers for its European customers through its Robinhood Crypto division. This new feature is one of the most requested by users in the region and allows customers to deposit and withdraw more than 20 different cryptocurrencies.
Supported assets include popular tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC), giving users enhanced control and flexibility over their digital assets.
“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers. The ability to deposit and withdraw crypto gives customers more control over their assets, ensuring they have the safe, low-cost, and reliable experience they expect from Robinhood,” said Johann Kerbrat, Vice President and General Manager of Robinhood Crypto.
To encourage the adoption of this new feature, Robinhood Crypto is offering European customers a limited-time 1% match on all crypto deposits. This match will be paid in the same cryptocurrency that the user deposits, subject to certain restrictions.
In addition to crypto transfer functionality, Robinhood Crypto offers a variety of other services to enhance trading conditions for its European customers:
- Wide Selection of Cryptocurrencies: Customers can buy, sell, and hold over 35 cryptocurrencies, which Robinhood claims to offer at the lowest average cost on the market.
- Zero Fees on Bitcoin Trading: Users can trade Bitcoin with no transaction fees and receive an additional 30 BTC when signing up.
- Staking Opportunities: Robinhood allows customers to stake Solana (SOL) to earn an estimated annual yield of 5.23% APY. For a limited time, users can double their staking earnings with a 100% staking match.
- USDC Rewards: European customers can earn 15% rewards on USDC savings, with no limits, further encouraging stablecoin investments.
- Educational Rewards: Robinhood Crypto also gives users the opportunity to earn rewards for learning about various cryptocurrencies, including BTC, PEPE, AVAX, and USDC.
To provide additional peace of mind, Robinhood Crypto ensures the security of its users' digital assets with advanced protective measures. The company stores the majority of customer crypto in cold storage and offers insurance against theft and cybersecurity breaches. Moreover, Robinhood Crypto does not lend or leverage customer cryptocurrency, ensuring that assets remain securely stored at all times.
This latest initiative is an important step for Robinhood as the company continues to expand its cryptocurrency services globally, catering to the growing demand for digital assets.
Read also: Gemini to end support for all customer accounts in Canada
