Robinhood launches commission-free crypto trading app in Europe, supports over 25 cryptocurrencies

Robinhood Markets is launching commission-free cryptocurrency trading in the EU, a week after it launched its international stockbroking service in the UK for the first time. Johann Kerbrat, general manager of Robinhood Crypto, said in an interview that the app will go live on Thursday and will allow European investors to trade more than 25 cryptocurrencies, including BTC, ETH and SOL. The company, which will offer a loyalty program similar to cashback, has no plans to offer cryptocurrency services to UK investors, Kerbrat said, citing lack of clarity around local regulation of digital assets. Notional cryptocurrency trading volume on Robinhood increased 75% in November compared with the previous month, Robinhood said in an investor update on Monday.

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