European users can now deposit and withdraw over 20 cryptocurrencies due to the launch of the Robinhood Crypto transfer system in the EU.
The cryptocurrency arm of trading platform Robinhood introduced crypto transfer functionality for European clients. They can now deposit and withdraw a range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC).
According to Johann Kerbrat, VP and GM of Robinhood Crypto, this new feature aims to simplify access to decentralized finance in Europe. He highlighted that the platform offers full control over assets, secure transfers, and low fees. Besides, Robinhood Crypto provides insurance protection against theft and cyber threats.
As a special launch offer, European users will receive a 1% deposit bonus in cryptocurrency. Other perks for European clients of Robinhood Crypto include:
- BTC trading with zero fees;
- SOL staking with an annual yield of 5.23%;
- daily rewards for USDC holdings, available until December 15, 2024;
- access to educational programs.
Earlier in May, Robinhood Crypto began rolling out updates specifically for European users, despite facing regulatory pressure from U.S. authorities. However, this didn’t hinder the company’s active growth in the region.
