Robinhood announces 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 make crypto transfers using the Robinhood trading app.
“Cryptocurrency transfers allow customers to deposit and withdraw over 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC) and others, offering them thus greater flexibility and control over their digital assets. »
The launch announcement also comes with a special promotion offering users a 1% match on crypto deposits.
Says Johann Kerbrat, Vice President and General Manager of Robinhood Crypto,
“With the launch of crypto transfers in Europe, we are making self-custody and entry into DeFi simpler and more accessible for our customers.
Supporting deposits and withdrawals gives customers more control over their crypto, while ensuring they get the same safe, low-cost, and reliable experience they have come to expect from Robinhood.
In an interview with CNBC, Kerbrat expands on the expansion, explaining the appeal to European crypto markets.
“The EU can become a very attractive market next year… In terms of total addressable market, (the EU) is as big as the U.S. It’s definitely an interesting market for us.”
Kerbrat also praises the European Crypto Asset Markets (MiCA) Regulation, highlighting the stark differences between the EU and US approaches to crypto regulation.
“We are disappointed with the way the U.S. regulations are enforced, where it is essentially regulation by law enforcement. We’re not very happy to see this.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Fona
