Retail Trading Giant Robinhood Rolls Out Crypto App to Customers in the European Union
Robinhood is increasing its crypto buying and selling companies to the European Union (EU) with the launch of a brand new app that allows clients within the area to purchase and promote 26 cryptocurrencies.
In a statement, the retail buying and selling titan says that the Robinhood Crypto app has the bottom price on common within the EU primarily based on quotes proven by buying and selling platforms on November twentieth.
Robinhood says that the app additionally allows clients to earn a share of their commerce again in Bitcoin (BTC), which can be deposited instantly into their account. Eligible clients should await 30 days earlier than they’ll promote the worth of the rewarded crypto asset.
The agency says the app will assist extra tokens, crypto transfers, crypto staking and crypto studying rewards by 2024.
“Not like a few of our rivals which have grown rapidly and record a whole lot of digital belongings, Robinhood Crypto has taken a extra conservative method to supporting digital belongings. This additionally means constructing safeguards for our merchandise and offering higher schooling.”
The net brokerage agency launches the app because the European Union institutes the Markets in Crypto Property Regulation (MiCA), which goals to guard customers by establishing a transparent regulatory atmosphere for the crypto sector.
Robinhood Crypto common supervisor Johann Kerbrat says the laws is the explanation why the buying and selling agency selected to launch a crypto platform for EU clients.
“We’re thrilled to develop crypto buying and selling to clients all through the EU, enabling them to purchase and promote their favourite tokens safely and securely. The EU has developed one of many world’s most complete insurance policies for crypto asset regulation, which is why we selected the area to anchor Robinhood Crypto’s worldwide enlargement plans.”
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