Key Takeaways:
- Robinhood now offers crypto transfers in the EU, supporting over 20 digital assets, including BTC, ETH, SOL, and USDC.
- The launch aligns with the implementation of MiCA regulations, enhancing Robinhood’s presence in Europe’s evolving crypto market.
- This move is part of Robinhood’s broader expansion strategy, following its re-entry into the U.K. earlier this year.
Robinhood has launched cryptocurrency transfer services across the European Union, allowing users to deposit and withdraw over 20 digital assets, including bitcoin, ether, solana, and USD coin.
This move is part of Robinhood’s broader expansion in Europe, following its initial launch in the EU in December.
NEWS: Robinhood's crypto unit now allows European users to deposit and withdraw over 20 digital assets, including $BTC, $ETH, $SOL, and $USDC, as part of its regional expansion efforts. pic.twitter.com/q8GeZ5OnfB
— CoinGecko (@coingecko) October 1, 2024
The introduction of crypto transfers comes as the European Union implements its new Markets in Crypto Assets (MiCA) regulations, which are reshaping the region’s regulatory landscape.
Johann Kerbrat, Vice President of Robinhood Crypto, highlighted the platform’s focus on making self-custody and decentralized finance (DeFi) more accessible to users.
This expansion follows Robinhood’s re-entry into the U.K. earlier in the year and aligns with efforts by other U.S.-based exchanges like Coinbase and Kraken, both of which are increasing their European operations in response to the evolving regulatory environment.
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