Investing app Robinhood today announced the launch of its cryptocurrency trading app in the European Union.
The app is scheduled to launch in Europe on Thursday and will have over 25 tokens available to investors, including BTC, ETH and SOL.
The company launched its brokerage service in the UK just over a week ago, after two failed attempts. One of them involved the acquisition of British cryptocurrency startup Ziglu, but that deal ultimately fell through.
In today’s announcement, Robinhood said its platform is the only one on the market that offers to repay customers a percentage of their trading volume in BTC each month. Users can also receive referral bonuses in BTC.
“The EU has developed one of the world’s most comprehensive policies for regulating cryptocurrency assets,” Johann Kerbrat, GM of Robinhood Crypto, said in a statement. That’s why we chose this region to anchor Robinhood Crypto’s international expansion plans.”
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About the author
Ryan Weeks is The Block’s trading editor, focusing, among other things, on fundraising, M&A, and institutional trends in the cryptocurrency space. He’s particularly interested in investigative work, so please send him tips! Ryan previously worked as London fintech correspondent for Financial News and Dow Jones. Prior to that, he wrote for several publications, including Sifted, AltFi, and Wired. In addition to journalism, Ryan is a keen reader and writer. He enjoys anything active. He especially enjoys running, rugby, hiking and tennis.