The American company Robinhood has announced the launch of cryptocurrency transfers for its European clients. From now on, the platform will allow deposits and withdrawals of over 20 digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC).
Additionally, for a limited time, Robinhood Crypto will offer European customers a 1% interest rate on all cryptocurrency deposits.
It’s worth noting that in December 2023, Robinhood launched its cryptocurrency trading service, Robinhood Crypto, in the EU, enabling users solely to buy and sell cryptocurrencies.
According to Johann Kerbrat, the CEO of Robinhood's crypto division, the EU has the potential to become an attractive cryptocurrency market due to the new regulation—MiCA (Markets in Crypto-Assets)—which harmonizes rules for the crypto sector across all 27 member countries.
Furthermore, in June, the company announced the acquisition of the Luxembourg-based crypto platform Bitstamp for $200 million. This process is expected to be completed in the first half of 2025.
In September, Kerbrat hinted at the launch of Robinhood's own stablecoin. Currently, the company is partnering with Circle, enabling users to buy and sell USDC on the platform without any fees.
Source: Robinhood
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