Robinhood is increasing its crypto buying and selling companies to the European Union (EU) with the launch of a brand new app that allows prospects 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 value on common within the EU primarily based on quotes proven by buying and selling platforms on November twentieth.
Robinhood says that the app additionally allows prospects to earn a proportion of their commerce again in Bitcoin (BTC), which might be deposited immediately into their account. Eligible prospects must anticipate 30 days earlier than they’ll promote the worth of the rewarded crypto asset.
The agency says the app will help further tokens, crypto transfers, crypto staking and crypto studying rewards by 2024.
“In contrast to a few of our rivals which have grown rapidly and checklist tons of of digital belongings, Robinhood Crypto has taken a extra conservative method to supporting digital belongings. 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 Property Regulation (MiCA), which goals to guard shoppers by establishing a transparent regulatory setting for the crypto sector.
Robinhood Crypto normal supervisor Johann Kerbrat says the laws is the explanation why the buying and selling agency selected to launch a crypto platform for EU prospects.
“We’re thrilled to develop crypto buying and selling to prospects 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 enlargement plans.”
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