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Robinhood Launches Crypto Transfers in Europe in Push for DeFi And Self-Custody Accessibility

October 01, 2024

Robinhood is announcing the addition of one of the most requested app features in European markets.

According to a new press release, Robinhood Crypto customers in Europe can now complete crypto transfers using the Robinhood trading app.

“Crypto transfers enable customers to deposit and withdraw more than 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC), and others, giving them greater flexibility and control over their digital assets.”

The launch announcement is also accompanied by a special promotion offering users a 1% match on crypto deposits.

Says Johann Kerbrat, VP and GM of Robinhood Crypto,

“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers.

Support for deposits and withdrawals gives customers more control over their crypto, while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.”

In an interview with CNBC, Kerbrat expands on the expansion, explaining the attraction to the European crypto markets.

“The EU can become a very attractive market next year… In terms of total addressable market, [the EU] is as big as the U.S. It’s definitely an interesting market for us.”

Kerbrat also praises the EU’s Markets in Crypto-Assets (MiCA) regulations, highlighting the stark differences between the EU and the US’s approaches to crypto regulations.

“We are disappointed by the way U.S. regulation is happening, where it’s basically regulation by enforcement. We are not super happy to see that.”

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Fona