Robinhood Expands BTC, ETH and SOL Trading to EU
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Fee-free brokerage agency Robinhood Markets Inc. has expanded its crypto buying and selling enterprise to the European Union (EU). Because the buying and selling platform famous, its EU prospects can now commerce Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) as a part of the greater than 25 digital currencies it’s at the moment supporting.
The Robinhood crypto EU emergence aligns completely with its international expansionary drives. Whereas EU customers may even achieve entry to the commission-free buying and selling on provide on their crypto property, further perks have been introduced by the agency. As a custodial crypto outfit, Robinhood stated its platform is the one venue the place customers will earn a proportion of their whole traded quantity each month. This incentive is paid out in Bitcoin, creating further worth added for all.
The launch of crypto buying and selling within the EU is without doubt one of the firm’s approaches to really democratizing finance, in keeping with Johann Kerbrat, GM of Robinhood Crypto. Johann emphasised the selection of Europe was born because of the clear regulatory strikes throughout the area.
With the Markets in Crypto Property (MiCA) regulation billed for implementation subsequent yr, extra monetary gamers are starting to look towards Europe to do enterprise.
Robinhood’s digital footprint rising
Robinhood stays some of the necessary non-crypto-native platforms for digital asset exchanges. A number of necessary transactions have been performed or routed by way of Robinhood lately which have positioned it on the map.
From the greater than 300 million DOGE bought on Robinhood to the epic Shiba Inu haul the place over one trillion SHIB have been added, the brokerage agency has deepened its foothold within the crypto trade in current occasions.
Its growth power is, nonetheless, being matched by its high rivals like Kraken, who’re additionally vying to take a major market share within the areas it plans to broaden to, together with the UK.
