Robinhood Crypto launches cryptocurrency transfers in Europe, allowing its users to freely manage their assets via external wallets. This strategic expansion is based on the growth of the European crypto market, reinforced by the favorable regulatory framework of the European Union, in particular with the MiCA regulation.
Robinhood Crypto rolls out transfers in Europe
Robinhood Crypto, the digital assets arm of the popular investment platform Robinhood announces the expansion of its cryptocurrency transfer services in Europe.
Now European users can freely transfer their cryptocurrencies to external walletsa feature highly anticipated since December 2023 (date on which the platform was established in Europe).
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This new option allows users to have full control over their cryptos, facilitating inbound and outbound transfers to private wallets or other exchange platforms. A service that promotes the ideal of “ total ownership ”, allowing users to manage their funds without being dependent on Robinhood.
Customers can deposit and withdraw over 20 cryptocurrencies, including:
This expansion is part of Robinhood's strategy to meet the growing demand from European users, looking for more flexible and innovative financial solutions, they explain.
With the launch of crypto transfers in Europe, we are making custody and entry into DeFi simpler and more accessible for our customers.
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Europe: fertile ground for companies in the crypto sector
This initiative represents a major step forward for Robinhood, which seeks to consolidate its presence in a booming European market, increasingly favorable to digital assets.
Countries like Germany, France and the Netherlands have recorded a sharp increase in the number of cryptocurrency holders, strengthening the attractiveness of the market for players like Robinhood.
American regulations, by focusing on enforcement and preferring sticks to carrots, offer a comparative advantage to the European Union. With nearly 31 million cryptocurrency holders, the European market almost rivals that of the United States.
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The MiCA regulation, with its harmonized rules for 27 countries, provides a stable and predictable framework, according to Johann Kerbrat, managing director of Robinhood's crypto unit.
To celebrate this launch, Robinhood is offering its European customers a promotional offer, allowing them to recover 1% of the value of the cryptos deposited, paid in the same cryptocurrency (limited to €10,000 per customer).
This dynamic could not only accelerate the democratization of cryptocurrencies, but also pave the way for a transformation of traditional finance, offering institutions a more decentralized and secure model for the future.
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