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

Robinhood has rolled out a highly requested feature for its customers in Europe. Now, you can easily make crypto transfers using the Robinhood trading app.

This new option allows you to deposit and withdraw over 20 cryptocurrencies. You can trade popular options like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). This gives you more control and flexibility over your digital assets.

To celebrate this launch, Robinhood is offering a special promotion. Users can receive a 1% match on their crypto deposits. It's a nice little bonus for getting started!

Johann Kerbrat, the VP and GM of Robinhood Crypto, shared his thoughts: “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 gives customers more control over their crypto while ensuring a safe and reliable experience.

In a recent interview with CNBC, Kerbrat discussed why the European market is so appealing. “The EU can become a very attractive market next year,” he said. He believes that in terms of total addressable market, the EU is as big as the U.S. It’s definitely an interesting space for Robinhood.

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