Robinhood Launches Crypto Transfers in Europe, Offering 1% Match on Deposits

Robinhood has just rolled out a highly anticipated feature for its app in Europe.

Now, users of Robinhood Crypto in Europe can easily make crypto transfers right through the app. This is a big step forward for many users.

“Crypto transfers allow customers to deposit and withdraw over 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC), and more,” the company explained. This gives users greater flexibility and control over their digital assets.

Along with this launch, Robinhood is offering a special promotion. Users can receive a 1% match on their crypto deposits. It’s a nice incentive!

Johann Kerbrat, the VP and GM of Robinhood Crypto, said, “With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers.” He emphasized that this feature allows customers to have more control over their crypto while enjoying the same safe and reliable experience they expect from Robinhood.

In a recent chat with CNBC, Kerbrat shared his thoughts on why Europe is an appealing market. “The EU can become a very attractive market next year,” he noted. “In terms of total addressable market, [the EU] is as big as the U.S. It’s definitely an interesting market for us.”

Kerbrat also expressed his appreciation for the EU’s Markets in Crypto-Assets (MiCA) regulations. He pointed out the differences between the EU and U.S. approaches to crypto regulations. “We are disappointed by the way U.S. regulation is happening, where it’s basically regulation by enforcement,” he said. “We are not super happy to see that.”