Robinhood Crypto Expands to Europe, Offering Crypto Transfers and 1% Match on Deposits

Robinhood is announcing the addition of one of the most requested app features in European markets. According to a new press release, Robinhood Crypto customers in Europe can now complete crypto transfers using the Robinhood trading app.

Trading platform Robinhood has announced the addition of crypto transfers for its European customers.

According to a press release shared with CoinDesk, the feature will allow Robinhood Crypto customers to deposit and withdraw more than 20 cryptocurrencies, including BTC, ETH, SOL and USDC.

“With the launch of crypto transfers in Europe, we're making self-custody and entering DeFi simpler and more accessible for our customers,” Johann Kerbrat, VP and GM of Robinhood Crypto, said in a statement.

“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.”

The launch will also be accompanied by a promotion, where users will be offered a 1% match on crypto deposits, up to a maximum of $2,500.

In an interview with CNBC, Kerbrat highlighted the attractiveness of the European crypto markets, adding that the bloc could become a "very attractive market" in 2024.

“In terms of total addressable market, [the EU] is as big as the U.S. It's definitely an interesting market for us,” he said.

Kerbrat also took the opportunity to criticize the crypto regulatory landscape in the U.S., contrasting it with the EU's approach, which he described as "very clear."

“We are disappointed by the way U.S. regulation is happening, where it's basically regulation by enforcement. We are not super happy to see that,” he added.

The above is the detailed content of Robinhood Crypto Expands to Europe, Offering Crypto Transfers and 1% Match on Deposits. For more information, please follow other related articles on the PHP Chinese website!