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Robinhood Expands Crypto Services to European Customers

Robinhood Enables Trading of Over 25 Cryptocurrencies for EU Customers With Zero Trading Fees.

by Alexander
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London, December 7, 2023 – Robinhood, the popular trading and brokerage firm, has officially introduced its crypto trading services to eligible customers in the European Union (EU). The platform, available to all qualifying users, provides access to trade over 25 cryptocurrencies, further extending Robinhood’s global presence.

Crypto Trading Access for EU Customers

Robinhood‘s European customers now have access to crypto trading services, featuring a selection of over 25 cryptocurrencies available for buying and selling. This move is in line with Robinhood’s commitment to democratizing finance globally.

Oliver McIntosh, Senior Product Communications Manager at Robinhood, emphasized the European Union as a strategic market for the platform’s international expansion. McIntosh highlighted the EU’s pioneering role in creating a comprehensive regulatory framework for crypto assets through the Market in Crypto-Assets Regulation (MiCA).

Zero Trading Fees and Monthly Bitcoin Rewards

The newly launched crypto app from Robinhood offers zero trading fees for users and introduces a unique incentive. Traders will receive a percentage of their monthly trading volume back in Bitcoin. This aligns with Robinhood’s commitment to transparency, allowing users to view spreads, including rebates received by the company from sell and trade orders within the app.

Robinhood’s focus in the EU remains on launching Robinhood Crypto for European Union customers. McIntosh stated that the firm is dedicated to its mission of democratizing finance and sees the introduction of custodial crypto products in the EU as a significant step in that direction.

Background and Regulation

Robinhood initially announced its intentions to enter the European market in November, following the cessation of crypto trading services in the United States earlier in June. Regulatory challenges and legal pressures prompted the halt of services in the U.S., but the platform is now actively expanding its crypto offerings in the EU. This move positions Robinhood as a key player in the European crypto market, offering a user-friendly platform with zero trading fees and innovative incentives for traders.

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