Robinhood Crypto Now Supports Stellar (XLM)

Commission-free investing app Robinhood Europe’s crypto arm in an official announcement on October 23 revealed that it has added XLM to cryptocurrencies supported in crypto transfers.

Robinhood Crypto EU announced the addition of Stellar (XLM) to its crypto transfer service on Wednesday. Users can now withdraw and deposit XLM on the platform with a 1% deposit bonus for a limited time.

The addition of XLM to Robinhood Crypto EU's crypto transfer service comes as part of the company's broader efforts to expand its cryptocurrency offerings. Earlier this year, Robinhood Crypto EU added support for Solana (SOL) and Polygon (MATIC).

With the addition of XLM, users can now deposit and withdraw over 25 cryptocurrencies on the platform, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), and USDC.

Crypto transfers on Robinhood Crypto EU offer several benefits, including user control over their crypto assets, high security with crime insurance, and access to educational programs.

The addition of XLM to Robinhood Crypto EU's crypto transfer service is likely to be welcomed by traders who prefer to use Stellar for its speed, low transaction costs, and wide range of applications.

However, it remains to be seen whether the addition of XLM will pave the way for the eventual listing of XRP on Robinhood Crypto EU. While both XLM and XRP are designed for fast and efficient cross-border payments, XRP is facing ongoing legal challenges in the United States.

Nevertheless, the addition of XLM to Robinhood Crypto EU's crypto transfer service is a positive development for cryptocurrency traders in Europe who are looking for more options to easily and securely move their crypto assets on and off the platform.

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