Robinhood Launches Crypto Transfers in Europe

US-based neobroker Robinhood has announced the launch of crypto transfers for its European customers, fulfilling one of the most highly requested features in the region. The expansion is part of Robinhood’s growing commitment to making cryptocurrency trading more accessible and flexible for European users.

The new feature allows customers to deposit and withdraw over 20 different cryptocurrencies, including popular assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). Furthermore, this added functionality gives users greater control over their digital assets, allowing seamless transfers between external wallets and Robinhood accounts.

Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, highlighted the significance of this launch for European users:
“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers. Support for deposits and withdrawals gives customers more control over their crypto while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.”

Robinhood Launches Crypto Transfers in Europe

Robinhood entered the European market late last year, focusing its European services on crypto trading. Introducing crypto transfers is expected to enhance its appeal to the region’s rapidly growing base of crypto enthusiasts.

Limited-Time Offers and Additional Perks

To celebrate the launch, Robinhood Crypto offers a 1% match on all cryptocurrency deposits for European customers, a promotion that will run for a limited time. Robinhood will pay this bonus in the cryptocurrency user deposit, providing an extra incentive for early adopters. In addition to the crypto transfer feature, Robinhood’s European customers will enjoy a host of other benefits, including:

• The ability to buy, sell, and hold more than 35 cryptocurrencies at some of the lowest costs on the market.
• Robinhood is offering zero-fee Bitcoin trading, and new users who sign up will receive 30 euros worth of Bitcoin (BTC) as a bonus.
• Staking options for Solana (SOL), with an estimated 5.23% annual yield. A limited-time offer is also available, where customers can earn a 100% staking match in SOL.
• Users can earn 15% rewards on their USDC holdings, and the amount they can accumulate is unlimited.
• Educational rewards allow users to earn crypto by learning about assets like BTC, PEPE, AVAX, and USDC.

Security and Peace of Mind

Robinhood Crypto has emphasized its commitment to user security and the protection of digital assets. Most customer assets are stored in cold storage, a more secure method for holding cryptocurrencies. Robinhood also offers industry-leading crime insurance to safeguard against theft and cybersecurity breaches while maintaining a policy of not lending or leveraging users’ cryptocurrencies.

With these measures, Robinhood aims to provide peace of mind to its European customers, reassuring them that their digital assets are safe while benefiting from the platform’s low-cost and reliable services.

A Strategic Move for Robinhood

The launch of crypto transfers in Europe is part of Robinhood’s broader strategy to strengthen its presence in the global cryptocurrency market. As demand for digital assets continues to rise across Europe, This new feature will attract many crypto traders seeking flexibility and security in their financial transactions.

The move also positions Robinhood to compete with established European crypto exchanges, bringing its unique combination of low fees, user-friendly experience, and enhanced security to a new and expanding audience.

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