Robinhood expands cryptocurrency services in the EU
October 02, 2024
Robinhood Markets’ cryptocurrency subsidiary has announced the expansion of its services within the European Union. Now, customers can deposit and withdraw over 20 different digital assets, including BTC, ETH, SOL, and USDC.
Exclusive terms for European users
According to the press release, the platform offers a special deal to customers — 1% on all cryptocurrency deposits for a limited time. The payouts will be made in the same asset, with a set limit in place.
Robinhood management's opinion
The Vice President and General Manager of Robinhood Crypto stated that with the launch of cryptocurrency transfers in Europe, the team is making self-custody and entry into DeFi simpler and more accessible for their clients. Support for deposits and withdrawals gives users greater control over their digital assets while ensuring the secure, low-cost, and reliable experience they expect from Robinhood.
The impact of MiCA policy on the market
The Head of Robinhood Crypto also noted that the European Union is becoming increasingly attractive for the crypto industry thanks to the implementation of MiCA. Once the regulatory rules are fully implemented, the entire EU will operate under a unified regime, significantly simplifying business operations.