Robinhood has officially launched crypto transfer services in Europe, empowering customers to deposit and withdraw over 20 digital currencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC) via its platform.
In a move to enhance user control, customers can now self-custody their assets instead of relying on third-party storage solutions.
As part of a limited-time marketing strategy, European customers can receive 1% of the value of tokens deposited on Robinhood back in the form of the equivalent cryptocurrency they transfer into the app.
This initiative comes less than a year after Robinhood Crypto entered the EU market, which previously only allowed buying and selling of cryptocurrencies without transfers.
Robinhood’s expansion recognizes Europe’s potential as a growing market for digital currencies. Johann Kerbrat, Robinhood’s General Manager and Vice President, mentioned the region's crypto-friendly regulations, anticipating improvements with the full implementation of Markets in Crypto-Assets (MiCA).
Despite rumors of exploring stablecoin launches, Robinhood has firmly denied these claims, emphasizing its current focus on enhancing crypto transfer services.
