Robinhood Introduces Cryptocurrency Transfers for European Users

Robinhood has introduced a long-awaited feature allowing its European users to transfer cryptocurrencies, enhancing user control over their digital assets.

This new service enables customers to deposit and withdraw over 20 different cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC).

Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, stated that the launch simplifies entry into self-custody and decentralized finance (DeFi) for customers. He emphasized that the ability to deposit and withdraw gives users greater control while maintaining the safe, low-cost, and reliable experience associated with Robinhood.

To celebrate the rollout, Robinhood is offering European customers a 1% match on all crypto deposits made in the same cryptocurrency, with the promotion capped at €10,000 per customer for a limited time.

READ MORE:

Are We Going to See Ripple’s Stablecoin This Year?

In addition to this feature, Robinhood provides several benefits for its European clientele, including the ability to buy, sell, and hold over 35 cryptocurrencies at competitive rates, zero-fee Bitcoin trading with a €30 bonus for new sign-ups, and an estimated 5.23% APY on SOL staking, along with a limited-time match on staking rewards.

Furthermore, users can earn rewards on USDC holdings and participate in the Learn and Earn program, which allows them to earn various cryptocurrencies. Robinhood Crypto prioritizes security by keeping most assets in cold storage, offering crime insurance, and implementing strong measures against theft and cyber threats. The new cryptocurrency transfer feature is now available to all eligible Robinhood Crypto customers in Europe.

Kosta Gushterov