Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU

December 7, 2023 | Digital Assets, FinTech, News

“The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans.” – Johann Kerbrat, GM of Robinhood Crypto.

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers stand to receive up to 1 BTC as a reward when signing up and can earn an additional 1 BTC for each successful referral. The platform claims to be the sole custodial crypto platform in the EU offering customers a percentage of their trading volume back every month, paid in Bitcoin.

With support for buying and selling over 25 cryptocurrencies, Robinhood Crypto emphasizes industry-leading safety and security, positioning itself as the lowest-cost crypto trading platform on average in the EU.

Johann Kerbrat, GM of Robinhood Crypto, said the company believed that crypto was the “financial framework for tomorrow” and that it would drive financial inclusion for all.

In addition to transparent pricing, customers receive a percentage of every trade back each month, paid in Bitcoin and deposited directly into their accounts. The platform also displays the spread, including rebates from sell and trade orders, providing customers with a clear understanding of their transactions.

Robinhood Crypto operates as a trading platform where users own their crypto securely. It enables the buying and selling of 25+ cryptocurrencies, real-time price tracking, and access to charts for refining trading strategies. The company emphasizes safety measures, such as not commingling customer coins with business funds, 24/7 email support, industry-leading security, cold storage for customer coins, and crime insurance.

The platform is committed to making crypto more accessible and affordable globally. Robinhood Crypto is now available to eligible iOS and Android users throughout the EU, with sign-up requiring EU citizenship and a minimum age of 18.

Future plans include the introduction of additional tokens, crypto transfers, crypto staking, and crypto learning rewards in 2024.

Related Story:  A Sustainability-Focused Spot Bitcoin ETF Launches In Europe

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