US Neobroker Robinhood Launches Crypto Transfers for Customers in Europe

US based neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood Crypto unit has launched crypto transfers for customers in Europe

US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood Crypto unit has launched crypto transfers for customers in Europe, which is one of the most requested features in the region.

The launch of crypto transfers in Europe will enable customers to deposit and withdraw more than 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC), and others. This provides customers with greater flexibility and control over their digital assets.

Robinhood expanded to the EU late last year, with its Europe offering centered on crypto trading.

Commenting on the launch, Johann Kerbrat, VP and GM of Robinhood Crypto, said:

“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers. Support for deposits and withdrawals gives customers more control over their crypto, while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.”

For a limited time, Robinhood Crypto is also offering customers in Europe a 1% match on all crypto deposits, which is paid out in the same cryptocurrency they deposit, subject to a cap.

The launch of crypto transfers in Europe is just one of the many benefits that Robinhood Crypto offers. Other benefits include:

– Fast and easy crypto trading: Execute trades quickly and easily with a user-friendly interface and simple order types.

– Trade 24/7: Trade crypto around the clock, even on weekends and holidays.

– Real-time market data: Stay up-to-date on the latest crypto prices and trends with free, real-time market data.

– Fractional shares of top crypto: Build a diversified crypto portfolio with any amount of money by buying fractional shares of Bitcoin and Ethereum.

– Recurring crypto orders: Set up recurring orders to automatically buy or sell crypto at regular intervals.

– Advanced charting tools: Analyze crypto price movements in depth with a suite of advanced charting tools.

– Level II market data: Gain deeper insights into the crypto market with Level II market data, which displays real-time bid and ask prices.

– Margin trading: Amplify your crypto trading power with up to 2x leverage on select crypto assets.

– Options trading: Trade crypto options on select assets to potentially enhance your returns or hedge your crypto exposure.

– Crypto gifting: Share the gift of crypto with friends and family easily and quickly.

– Robinhood Snacks: Stay informed about the latest financial and crypto news with daily morning newsletters from Robinhood Snacks.

Robinhood Crypto also added that it offers protection for your coins and peace of mind that your digital assets are safe. Robinhood Crypto does not lend your crypto or leverage against it, holds the majority of crypto in cold storage, and customers’ accounts are backed by industry-leading security. In addition, Robinhood Crypto offers crime insurance against theft and cybersecurity breaches.

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