Robinhood, the US-based financial service company, has extended its crypto app to eligible customers throughout the European Union (EU). Positioning itself as an exclusive custodial crypto platform, the app pledges a monthly rebate, paid in Bitcoin (BTC), corresponding to a percentage of users’ trading volume. New users have the opportunity to earn up to 1 BTC upon signup and through successful referrals.
Johann Kerbrat, General Manager of Robinhood Crypto, emphasized the significance of cryptocurrency in shaping the future of finance. He expressed excitement about expanding crypto trading to EU customers, underscoring the platform’s commitment to providing a secure environment for buying and selling various tokens.
The strategic choice of the EU for international expansion aligns with the region’s comprehensive policies for regulating crypto assets. Kerbrat indicated that the EU’s regulatory framework aligns well with Robinhood’s commitment to responsible and compliant operations in the cryptocurrency space.
EU Robinhood Crypto users will receive a monthly percentage rebate in Bitcoin, directly deposited into their accounts based on their total trading volume. The platform displays the spread, including the rebate from sell and trade orders, enhancing transparency for informed decision-making.
For a limited time, eligible users can earn up to 1 BTC upon signup and up to 1 BTC for their first 300 successful referrals through the referral program. This program, featuring a unique sharing link, provides an opportunity for users to capitalize on the crypto market’s growth.
Robinhood Crypto, as a publicly traded US company, undergoes regular third-party audits, setting it apart from competitors. Key safety measures include coin management, 24/7 email support, security protocols, storing customer coins in cold storage, and comprehensive crime insurance.
Accessible to eligible iOS and Android users in the EU, Robinhood Crypto requires users to be EU citizens and 18 years or older. The platform plans future developments, including support for additional tokens, crypto transfers, crypto staking, crypto learning rewards, and more, set to launch in 2024.