Robinhood Crypto and Matrixport Expand Services in Europe

Robinhood Crypto and Matrixport have announced significant expansions into the European market. Robinhood Crypto, a unit of Robinhood Markets, launched cryptocurrency transfer services in the EU, allowing users to deposit and withdraw over 20 digital currencies, including Bitcoin and Ethereum. Johann Kerbrat, VP and GM of Robinhood Crypto, emphasized the move's aim to simplify self-custody and DeFi access.

Simultaneously, Matrixport acquired Crypto Finance, a Swiss crypto assets manager, renaming it Matrixport Asset Management AG. This acquisition will provide institutional-grade crypto investment solutions. These expansions follow the European Parliament's adoption of the Markets in Crypto-Assets (MiCA) regulation, aimed at establishing a harmonized regulatory framework for crypto-assets in the EU.