Robinhood launches Crypto transfers in Europe
US based 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.
Crypto transfers enable customers to deposit and withdraw more than 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC), and others, giving them greater flexibility and control over their digital assets.
Robinhood expanded to the EU late last year, with its Europe offering centered on crypto trading.
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.
Crypto transfers in Europe is just one of the many benefits Robinhood Crypto offers. Customers can also:
- Buy, sell, and hold 35+ cryptocurrencies at the lowest cost on average.
- Trade Bitcoin with zero fees and get 30 in BTC when you sign up.
- Stake their SOL to earn an estimated 5.23% APY. For a limited time, customers can get even more SOL with a 100% staking earning match.
- Get 15% rewards on USDC holdings with no limit.
- Earn rewards for learning about cryptocurrencies such as BTC, PEPE, AVAX, and USDC.
Robinhood Crypto 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.