Robinhood Enters EU Crypto Market With Bitcoin Rewards

Robin Hood has launched its Robinhood Crypto app in the European Union (EU), offering a unique Bitcoin rewards feature. The crypto custody platform allows clients to earn a percentage of their monthly trading volume in Bitcoin.

Users can also receive up to 1 BTC by signing up and referring friends. He rewards programBased on total traded volume, it ranges from 0.10% to 0.325%, with rewards locked in the account for 30 days.

The platform supports more than 25 coins and emphasizes safety and security. Robinhood Crypto aims to democratize finance, and the EU launch aligns with the region's comprehensive crypto regulations.

Robinhood's involvement The price has recently increased and its cryptocurrency trading volume increased by 75% in November.

After introducing its cryptocurrency trading services in the EU, Robinhood is preparing for its UK debut in early 2024. This is the platform's third attempt to establish itself in the UK market, after having faced challenges in 2019 and a failed acquisition in 2022.

The upcoming UK launch will initially include 24-hour trading, with plans for UK shares and additional options in the pipeline. Considering Robinhood's foray into cryptocurrency trading and its previous efforts, it seems likely that a UK cryptocurrency offering will soon be introduced from the platform.

Image credit: Shutterstock

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