Robinhood (HOOD) Launches its Crypto Trading App in the EU
Robinhood Markets, Inc. HOOD introduced the Robinhood Crypto application for eligible iOS and Android customers throughout the European Union (EU). The platform enables customers to trade more than 25 cryptocurrencies including Bitcoin, Ether and Solana’s SOL. This is in line with HOOD’s plans to expand globally.
This is the first ever custodial crypto platform where the customers would be entitled to receive a percentage of their trading volumes back every month in the form of Bitcoins. Also, new customers would earn up to 1 Bitcoin when they sign up for this account and make a trade of at least €10. Further, existing customers could win 1 Bitcoin for each approved referral if the referred person trades €10 of crypto. This is however, a limited time offer.
Johann Kerbrat, general manager of Robinhood Crypto stated, “We believe crypto is the financial framework for tomorrow and that it plays a significant role in our mission to democratize finance for all”.
He added, “For this reason, we’re thrilled to expand crypto trading to customers throughout the EU, enabling them to buy and sell their favorite tokens safely and securely. The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans”.
Along with having low cost Robinhood Crypto trading platform provides a mechanism where customers can see that there are no hidden fees involved in the transactions. Also, HOOD displays the spread on application, showing the rebate that it receives on sell and buy orders. Thus, the process of revenue generation by the company is made transparent for the customers.
