Menlo Park, California – Thursday, December 7, 2023 – Robinhood, the trading app of Robinhood Markets Inc, officially launched its crypto trading services in the European Union (EU) on Thursday, December 7. 1
The launch coincides with a strong recovery in the Bitcoin price, which reached a 19-month high in recent times.
Robinhood’s crypto platform offers a diverse selection of over 25 popular tokens at launch, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and many others. This diverse offering caters to a broad range of investor preferences and allows users to build well-rounded crypto portfolios.
Robinhood also facilitates automated recurring crypto purchases, allowing users to invest consistently over time.
Reports said that European investors stand to benefit significantly from Robinhood Crypto’s entry into the market.
Robinhood’s presence is expected to foster greater competition in the EU crypto trading landscape, offering investors more choices and potentially improved services and features.
Robinhood Crypto comes as the EU is making and opening up more and more digital assets by enacting more legal provisions and legal frameworks in recent times. Moreover, its commitment to regulatory compliance may contribute to promoting greater regulatory clarity in the region, fostering stability and security within the crypto market.
- Bloomberg: https://www.bloomberg.com/news/articles/2023-12-07/robinhood-hood-launches-zero-fee-crypto-trading-app-in-europe[↩]
