Robinhood Launches Cryptocurrency Trading App in the European Union
Robinhood has officially unveiled its cryptocurrency trading application in the European Union. Starting from December 7, investors in the EU will have access to over 25 coins and tokens, including Bitcoin, Ethereum, and Solana. One unique feature of Robinhood’s platform is that it provides a percentage repayment of customers’ monthly trading volume in BTC. Users also have the opportunity to earn referral bonuses in Bitcoin. The commission-free retail broker had previously announced its plans for European expansion and intends to introduce brokerage services in the United Kingdom as well.
Robinhood Prepares for UK Launch in 2024
Robinhood is preparing to launch its platform in the UK by early 2024, marking its third attempt at international expansion. The UK version will initially offer access to 6,000 US stocks and 24-hour trading on weekdays. However, it won’t include UK stocks or options and other derivatives at the launch. Jordan Sinclair, Robinhood’s UK chief, believes that 24-hour trading will be well-received among users as it allows them to make trades based on market-moving news. Robinhood’s previous attempts at expanding into the UK were halted due to surging domestic demand during the Covid pandemic and a failed acquisition deal.
Hot Take: Robinhood Expands Crypto Trading Services in Europe and Plans UK Launch
Robinhood continues to expand its presence globally with the launch of its cryptocurrency trading app in the European Union and plans for a future launch in the United Kingdom. By offering access to a wide range of coins and tokens, including Bitcoin and Ethereum, Robinhood aims to attract crypto investors in these regions. The unique features of the platform, such as percentage repayment of trading volume and referral bonuses in Bitcoin, provide additional incentives for users. With its upcoming UK launch, Robinhood aims to tap into the growing demand for 24-hour trading and expand its product offerings in the future. However, the company has faced challenges in its previous attempts at international expansion, emphasizing the competitive nature of the market. Overall, Robinhood’s strategic moves reflect its commitment to becoming a global player in the crypto and investment space.
By
By
By
By
By