Robinhood expands into EU with crypto trading and Bitcoin rewards

Robinhood has rolled retired its cryptocurrency trading level for customers crossed the European Union, providing entree to implicit 25 cryptocurrencies, including Bitcoin, Ethereum, and Solana, according to a Dec. 7 statement.

The institution positions itself arsenic a harmless and regulated enactment for crypto customers to entree the emerging industry, offering to repay a percent of its customers’ trading measurement each period successful BTC. The steadfast said users tin also gain referral bonuses successful the apical cryptocurrency.

Johann Kerbrat, the GM astatine Robinhood Crypto, said crypto is the “financial model for tomorrow” and plays a important relation successful his company’s effort to “democratize concern for all.”

As such, the motorboat is simply a means of lowering the “barriers to introduction for millions more” amid a important infinitesimal for the emerging industry. He added:

“The EU has developed 1 of the world’s astir broad policies for crypto plus regulation, which is wherefore we chose the portion to anchor Robinhood Crypto’s planetary enlargement plans.”

Meanwhile, this determination marks different stride successful Robinhood’s planetary enlargement strategy and committedness to democratizing finance. Last week, the steadfast introduced its banal brokerage services successful the United Kingdom.

Besides that, the timing of this motorboat aligns with the existent bullish sentiment successful the crypto market. Bitcoin’s terms precocious reached its highest point successful astir 2 years amid continued optimism astir support for spot exchange-traded money (ETF) successful the United States.

Similar terms show has been observed crossed different cryptocurrencies, including Ethereum, during this period.

These terms increases person importantly impacted Robinhood’s trading activity. The level reported a important 75% surge successful cryptocurrency trading measurement successful November compared to October.

The betterment marks a reversal for Robinhood, which had witnessed declining crypto trading activities passim astir of the year. For context, the firm’s third-quarter filing revealed a 55% alteration successful cryptocurrency notional volumes.

The station Robinhood expands into EU with crypto trading and Bitcoin rewards appeared archetypal connected CryptoSlate.