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Market News

Robinhood Debuts Crypto Transfers in Europe for Expansion

Written By Dishita Malvania
Fact Checked by Dhara Chavda
Published October 1, 2024 1:00 PM·Updated 2 years ago
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Robinhood Debuts Crypto Transfers in Europe for Expansion

Robinhood Crypto, a retail investing platform, has officially launched crypto transfers for its customers in Europe, one of the most requested features in the region! Now, users can deposit and withdraw over 20 cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). 

This new feature provides customers with greater flexibility and control over their digital assets. For a complete list of supported cryptocurrencies, you can visit the Help Center.

Johann Kerbrat, VP and GM of Robinhood Crypto stated, “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.”

To celebrate this launch, Robinhood Crypto is offering a limited-time promotion where customers in Europe can earn a 1% match on all crypto deposits. This match is paid out in the same cryptocurrency that customers deposit, subject to a cap.

In addition to crypto transfers, Robinhood Crypto provides a range of benefits for its users:

  • Buy, sell, and hold over 35 cryptocurrencies at the lowest cost on average.
  • Trade Bitcoin with zero fees and receive $30 in BTC while signing up.
  • Stake your SOL to earn an estimated 5.23% APY, with a limited-time 100% staking earning match available.
  • Enjoy 15% rewards on USDC holdings with no limit.
  • Earn rewards for learning about various cryptocurrencies like BTC, PEPE, AVAX, and USDC.

Robinhood Crypto also prioritizes the safety of your coins. They do not lend your crypto or leverage against it and keep the majority of crypto in cold storage. Customers can have peace of mind knowing their accounts are backed by industry-leading security and that Robinhood Crypto offers crime insurance against theft and cybersecurity breaches.

Also Read: PayPal Allows U.S. Businesses Account to Buy and Sell Crypto

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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