“Robinhood Launches Crypto Trading in the EU with Bitcoin Rewards: A Game-Changer in the European Crypto Landscape”

Robinhood, the popular trading platform, has expanded its crypto services into the European Union (EU) through the launch of its Robinhood Crypto app. Notably, this app stands out as the sole custodial crypto platform offering customers a percentage of their monthly trading volume in Bitcoin (BTC). Additionally, users have the opportunity to earn up to 1 BTC when signing up and referring a friend.

Robinhood Crypto’s Bitcoin Rewards Incentive

Outlined in a recent blog post, Robinhood clarified that its Crypto platform is accessible to all eligible EU customers. It prides itself as the most cost-effective crypto trading platform in the EU. The platform has introduced a unique incentive program where users receive a percentage of their trade volume back each month, provided in Bitcoin and directly deposited into their accounts.

The Bitcoin rewards program operates on a tiered system, starting at 0.10% for trading volumes between €0.10 and €100,000. As the trading volume increases, so does the reward percentage, reaching 0.325% for volumes surpassing €1 million. Users must maintain a monthly trading volume exceeding €100 to qualify for this incentive. The Bitcoin rewards earned are subject to a 30-day lock-in period.

Furthermore, Robinhood Crypto facilitates trading in over 25 currencies and emphasizes industry-leading safety and security features.

Johann Kerbrat, General Manager of Robinhood Crypto, expressed enthusiasm about the EU launch:
> “We believe crypto is the financial framework for tomorrow and that it plays a significant role in our mission to democratize finance for all. For this reason, we’re thrilled to expand crypto trading to customers throughout the EU, enabling them to buy and sell their favorite tokens safely and securely.”

HOOD Shares Surge

Robinhood’s (HOOD) shares have experienced a notable surge in recent weeks. On December 7, HOOD traded at $11.27, marking a 7% increase for the day. Additionally, the platform disclosed a 75% rise in crypto trading volume for the month of November. The positive sentiment surrounding Robinhood is further evidenced by Cathie Wood’s Ark Invest purchasing a substantial number of shares recently.

Conclusion

As Robinhood forays into the EU crypto market, it aligns with the region’s comprehensive policies for crypto asset regulation. The launch of the Robinhood Crypto app not only provides EU customers with a user-friendly platform for trading various tokens but also introduces a novel Bitcoin rewards program, fostering engagement and participation.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.