Exciting news in the crypto world as Robinhood, the renowned trading and brokerage firm, has unveiled its eagerly awaited crypto services for eligible customers in the European Union (EU) on December 7th. This game-changing platform empowers traders to buy and sell a diverse range of over 25 cryptocurrencies, setting itself apart by offering a unique feature – customers receive a percentage of their trading volume back every month, paid in Bitcoin (BTC).
Breaking away from the norm, Robinhood’s newly introduced crypto app imposes zero trading fees on the extensive list of cryptocurrencies available on the platform. The platform prioritizes transparency, allowing users to view the spread and the rebate received by the company from sell and trade orders directly within the app. Notably, Robinhood’s crypto platform has strategically partnered with various crypto trading venues, ensuring competitive prices through variable volume rebates.
Johann Kerbrat, General Manager of Robinhood Crypto, emphasized the EU’s robust regulatory framework for crypto assets, citing it as a pivotal factor in choosing the region for Robinhood Crypto’s international expansion plans. The EU’s introduction of the Markets in Cryptoassets (MiCA) in June represents a significant step towards providing a clear regulatory framework for crypto-assets, set to be fully effective by December 2024.
Robinhood’s foray into the European market follows a remarkable 75% month-on-month surge in crypto trading volume in the United States for November. Vlad Tenev, Robinhood’s co-founder and CEO, envisions the platform achieving “nine figures” in annual revenue as retail interest in digital assets continues to soar. Dive into the future of crypto trading with Robinhood in the EU, where innovation meets transparency, and traders enjoy unprecedented benefits!
