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- Robinhood introduces its crypto service in the EU, providing BTC rewards and access to over 25 cryptocurrencies.
Robinhood, a well-known investment application, is set to launch its cryptocurrency trading service in Europe this Thursday.
GM! Robinhood Crypto is now available in the EU
Receive up to 1 Bitcoin when you register or refer a friend: https://t.co/nOt2GneIH0
Discover more about the app and how to earn BTC back on every transaction
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Terms apply* pic.twitter.com/eRKqlKmMGI
— RH (@RobinhoodCrypto) December 7, 2023
The application will feature more than 25 cryptocurrencies, including popular options such as BTC, ETH, and SOL. This initiative follows Robinhood’s recent launch of brokerage services in the UK.
Previously, Robinhood attempted to expand in the UK by acquiring Ziglu, a UK-based crypto firm, but the acquisition did not materialize.
In the announcement today, Robinhood emphasized a distinctive aspect: they will return a portion of each month’s trading volume to users in BTC.
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Moreover, users can receive BTC bonuses for referring friends. Johann Kerbrat, the General Manager of Robinhood, noted that the robust crypto regulations in the EU were a significant factor in selecting the UK for their expansion.
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“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,” Kerbrat stated on Thursday.
Robinhood also highlighted transparency and security features in its European crypto services to encourage users to trade with them. The company indicated that it would clearly display spreads on trades, including the rebates it receives from sell and trade orders.
Robinhood asserted that it never mixes customer coins with business funds except for operational purposes, such as paying blockchain network fees, and keeps all customer coins in cold wallets that are not connected to the internet.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
The post Robinhood Launches Crypto Services in Europe, Shares BTC to Users appeared first on BitcoinWorld.
