Robinhood Launches Crypto App in the EU with Bitcoin Rewards
Trading platform Robinhood has launched its Robinhood Crypto app in the European Union (EU), offering a Bitcoin rewards feature. This app is the only custodial crypto platform where customers can receive a percentage of their monthly trading volume, paid out in Bitcoin. Additionally, users have the opportunity to earn up to 1 BTC when they sign up and refer a friend. Robinhood Crypto is also known for being the lowest-cost crypto trading platform in the EU.
Bitcoin Rewards Incentive Announced
In a blog post, Robinhood announced that its platform is now available to eligible customers across the EU. They introduced an incentive program where customers can earn a percentage of every trade back each month, paid in Bitcoin and deposited directly into their accounts. The amount of Bitcoin rewarded is based on the total volume traded in a given month. Bitcoin rewards start at 0.10% for trading volume between €0.10 and €100,000 and go up to 0.325% for volumes over €1 million. The rewards are locked to the user’s account for 30 days after deposit. Users must trade over €100 monthly to qualify for the incentive.
Robust Crypto Offering and Positive Market Performance
Robinhood Crypto offers support for over 25 currencies, with buy and sell functionality. The platform prioritizes safety and security. Meanwhile, Robinhood’s (HOOD) share price has experienced a significant increase, with a 7% rise on December 7. The platform also reported a 75% increase in crypto trading volume in November. The market sentiment towards Robinhood has been positive, further supported by investments from Ark Invest led by Cathie Wood.
Hot Take: Robinhood Expands Crypto App to the EU with Unique Bitcoin Rewards Feature
Robinhood has expanded its Robinhood Crypto app to the European Union, offering a distinctive feature of Bitcoin rewards. Users can earn a percentage of their monthly trading volume in Bitcoin, while also having the opportunity to earn up to 1 BTC through referrals. This move comes as Robinhood aims to democratize finance and provide a secure platform for customers to trade their favorite tokens. With the EU’s comprehensive policies for crypto regulation, Robinhood has chosen the region for its international expansion plans. The market has responded positively, with Robinhood’s share price seeing significant growth and increased crypto trading volume on the platform.
By
By
By
By
By