Financial services firm Robinhood has announced the launch of crypto trading in the European Union. “Like we did with the stock market, it’s our goal to make crypto more accessible and affordable to everyone, regardless of where they live,” the company explained.
Robinhood Expands Crypto Trading Services
Financial services firm Robinhood launched its crypto trading platform in the European Union on Thursday, offering investors the ability to buy and sell more than 25 cryptocurrencies. The announcement details:
Today, we are launching the Robinhood Crypto app to all eligible customers in the European Union (EU).
EU residents aged 18 and over with compatible iOS and Android devices can now access Robinhood Crypto, the company clarified. The announcement further details: “Support for additional tokens, crypto transfers, crypto staking, crypto learning rewards, and more are all expected to launch in 2024.”
Johann Kerbrat, general manager of Robinhood Crypto, commented: “We believe crypto is the financial framework for tomorrow and that it plays a significant role in our mission to democratize finance for all … The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans.”
Robinhood explained that as a publicly traded U.S. company, it is regularly reviewed by third-party auditors and Robinhood Crypto has taken a conservative approach to supporting digital assets.
The platform’s trading volumes across equities, options, and crypto surged in October compared to the previous month, according to data published in November. Equity trading volume jumped 15% to $50.8 billion, options contracts traded climbed 11% to 96.6 million, and crypto trading volume soared 92% to $2.3 billion.
The announcement adds:
Like we did with the stock market, it’s our goal to make crypto more accessible and affordable to everyone, regardless of where they live.
What do you think about Robinhood launching crypto trading in the EU? Let us know in the comments section below.
Source: Bitcoin
