4 months ago
All eligible customers successful the EU portion tin entree Robinhood crypto for crypto trading services, with implicit 25 cryptocurrencies disposable for trade.
Trading and brokerage steadfast Robinhood announced the motorboat of its crypto services for each eligible European Union customers connected 7 December. The level volition let traders to bargain and merchantability much than 25 cryptocurrencies.
Robinhood’s introduction into the European crypto marketplace comes conscionable a week aft the steadfast launched its banal trading exertion successful the United Kingdom.
Cointelegraph contacted Oliver McIntosh, elder merchandise communications manager astatine Robinhood, to recognize the firm’s crypto absorption and enlargement plans successful Europe. Mcintosh said that the EU is the close marketplace to anchor our planetary enlargement plans, and Robinhood “welcomes the attack that the EU has taken successful creating the world’s archetypal broad authorities for crypto assets via the Market successful Crypto-assets Regulation (MiCA).”
Asked astir aboriginal enlargement plans successful EU, Mcintosh said:
“Robinhood’s ngo is to democratize concern for all, and launching a custodial crypto merchandise for customers successful the EU is simply a important measurement guardant successful that journey. We’re presently focused connected launching Robinhood Crypto for customers successful the European Union. We don’t person thing much to stock astatine this time.”The caller crypto app charges zero trading fees, and customers volition besides person a percent of their trading measurement backmost each period successful Bitcoin (BTC). The caller level besides prioritizes transparency, allowing customers to presumption the spread, including the rebate received by the institution from merchantability and commercialized orders successful the app.
Related: Robinhood to rotation retired US banal trading successful British market
Mcintosh told Cointelegraph that the Robinhood crypto level has relationships with crypto trading venues that let them to person competitory prices arsenic they person adaptable measurement rebates from those trading venues.
The crypto trading steadfast archetypal revealed its plans for motorboat successful the European marketplace successful November past month. The latest motorboat successful Europe besides comes six months aft the steadfast ceased Support for crypto trading services successful the United States in June owing to mounting regulatory unit and prosecution of crypto firms.
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