Robinhood launches cryptocurrency trading app in the EU

The Robinhood developers announced the launch of an investment app in the European Union.

GM! Robinhood Crypto is now available in the EU ?

Get up to 1 Bitcoin when you sign up or refer a friend: https://t.co/nOt2GneIH0

Learn more about the app, and how to get BTC back on every trade ?(1/7)

Terms apply* pic.twitter.com/eRKqlKmMGI

— RH (@RobinhoodCrypto) December 7, 2023

Users will have access to trading more than 25 crypto assets, including Bitcoin, Ethereum and Solana.

The platform will offer customers a Bitcoin-based reward, depending on trading volume and referral activity.

«The EU has developed one of the most comprehensive crypto-asset regulatory regimes in the world. Therefore, we chose this region to execute our plans for international expansion,» said Johann Kerbrat, CEO of Robinhood Crypto.

A week ago, after two failed attempts, the company launched brokerage services in the United Kingdom. In particular, the firm planned to acquire the London-based crypto startup Ziglu, but ultimately the deal fell through due to regulatory uncertainty.

Earlier, Robinhood reported about a 75% rise in crypto trading volumes.

Recall that in August, the company’s developers added support for Bitcoin and Dogecoin in a non-custodial wallet.