Robinhood is increasing its crypto buying and selling providers to the European Union (EU) with the launch of a brand new app that allows clients within the area to purchase and promote 26 cryptocurrencies.
In a statement, the retail buying and selling titan says that the Robinhood Crypto app has the bottom price on common within the EU based mostly on quotes proven by buying and selling platforms on November twentieth.
Robinhood says that the app additionally permits clients to earn a proportion of their commerce again in Bitcoin (BTC), which will probably be deposited straight into their account. Eligible clients must await 30 days earlier than they’ll promote the worth of the rewarded crypto asset.
The agency says the app will assist further tokens, crypto transfers, crypto staking and crypto studying rewards by 2024.
“In contrast to a few of our opponents which have grown shortly and listing lots of of digital property, Robinhood Crypto has taken a extra conservative method to supporting digital property. This additionally means constructing safeguards for our merchandise and offering higher training.”
The net brokerage agency launches the app because the European Union institutes the Markets in Crypto Belongings Regulation (MiCA), which goals to guard shoppers by establishing a transparent regulatory surroundings for the crypto sector.
Robinhood Crypto basic supervisor Johann Kerbrat says the laws is the rationale why the buying and selling agency selected to launch a crypto platform for EU clients.
“We’re thrilled to broaden crypto buying and selling to clients all through the EU, enabling them to purchase and promote their favourite tokens safely and securely. The EU has developed one of many world’s most complete insurance policies for crypto asset regulation, which is why we selected the area to anchor Robinhood Crypto’s worldwide growth plans.”
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Examine Value Motion
Comply with us on Twitter, Facebook and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in online marketing.
Generated Picture: Midjourney
