Robinhood Launches Crypto Trading in EU, Aims for Global Accessibility

Financial services steadfast Robinhood has announced the motorboat of crypto trading successful the European Union. “Like we did with the banal market, it’s our extremity to marque crypto much accessible and affordable to everyone, careless of wherever they live,” the institution explained.

Robinhood Expands Crypto Trading Services

Financial services steadfast Robinhood launched its crypto trading level successful the European Union connected Thursday, offering investors the quality to bargain and merchantability much than 25 cryptocurrencies. The announcement details:

Today, we are launching the Robinhood Crypto app to each eligible customers successful the European Union (EU).

EU residents aged 18 and implicit with compatible iOS and Android devices tin present entree Robinhood Crypto, the institution clarified. The announcement further details: “Support for further tokens, crypto transfers, crypto staking, crypto learning rewards, and much are each expected to motorboat successful 2024.”

Johann Kerbrat, wide manager of Robinhood Crypto, commented: “We judge crypto is the fiscal model for time and that it plays a important relation successful our ngo to democratize concern for each … 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.”

Robinhood explained that arsenic a publically traded U.S. company, it is regularly reviewed by third-party auditors and Robinhood Crypto has taken a blimpish attack to supporting integer assets.

The platform’s trading volumes crossed equities, options, and crypto surged successful October compared to the erstwhile month, according to information published successful November. Equity trading measurement jumped 15% to $50.8 billion, options contracts traded climbed 11% to 96.6 million, and crypto trading measurement soared 92% to $2.3 billion.

The announcement adds:

Like we did with the banal market, it’s our extremity to marque crypto much accessible and affordable to everyone, careless of wherever they live.

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