- Robinhood launches crypto service in the EU, offers BTC rewards and over 25 cryptocurrencies.
Robinhood, a popular investment app, is launching its crypto trading service in Europe this Thursday.
GM! Robinhood Crypto is now available in the EU 👋
Get up to 1 Bitcoin when you sign up or refer a friend: https://t.co/nOt2GneIH0
Learn more about the app, and how to get BTC back on every trade 👇(1/7)
Terms apply* pic.twitter.com/eRKqlKmMGI
— RH (@RobinhoodCrypto) December 7, 2023
The app will offer over 25 cryptocurrencies, including well-known ones like BTC, ETH, and SOL. This move comes shortly after Robinhood started its brokerage services in the UK.
Previously, Robinhood tried to expand in the UK by buying Ziglu, a UK crypto company, but the deal didn’t work out.
In today’s announcement, Robinhood highlighted a unique feature: they will give back a part of each month’s trading volume to customers in BTC.
Additionally, users can earn BTC bonuses for referring friends. The General manager of RobinHood, Johann Kerbrat, mentioned that the EU’s strong crypto regulations were a key reason for choosing the UK for their expansion.
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“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,” Kerbrat said in a statement Thursday.
Robinhood also touted transparency and security features in its European crypto offering to convince users to trade with its service. The company said it would transparently display spreads on trades, including the rebate the firm receives from sell and trade orders.
Robinhood said it never commingles customer coins with business funds other than for operating purposes, such as payment of blockchain network fees, and stores all its customers’ coins in cold wallets disconnected from the internet.
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