Robinhood Introduces Crypto Transfers in Europe
Robinhood has rolled out a much-anticipated feature for its European users, allowing crypto transfers through its app.
European customers can now deposit and withdraw over 20 cryptocurrencies, including popular tokens like Bitcoin, Ethereum, Solana, and USD Coin, giving them greater flexibility over their digital assets. To celebrate the launch, Robinhood is offering a 1% bonus on crypto deposits.
Johann Kerbrat, VP and GM of Robinhood Crypto, emphasized that the new feature simplifies self-custody and access to decentralized finance (DeFi) for users, while maintaining the safety and low-cost experience the platform is known for.
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In a CNBC interview, Kerbrat expressed optimism about the European market, noting that the region has a large potential user base, comparable to the U.S.
He also pointed to the EU’s favorable regulatory framework for cryptocurrencies under the Markets in Crypto-Assets (MiCA) regulation, contrasting it with the more enforcement-driven approach in the U.S.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
