The post Robinhood Launches Crypto Transfers Across 27 EU Nations appeared on BitcoinEthereumNews.com.

Robinhood, the popular retail investment platform, has expanded its cryptocurrency services across Europe. Robinhood, a popular retail investment platform, expanded its cryptocurrency services throughout Europe. European Union customers can now transfer digital currencies into and out of the Robinhood app, enhancing its regional offerings and highlighting its global growth ambitions. Robinhood announced that users in the EU can deposit and withdraw over 20 different cryptocurrencies through its platform, including major digital coins like Bitcoin, Ethereum, Solana, and USD Coin. As a result, European clients can “self-custody” their assets, gaining full control in personal wallets instead of relying solely on external services. Robinhood’s strategic move marks a significant progression from its initial crypto offerings in the EU. Since December of last year, the company has allowed users to buy and sell cryptocurrencies but restricted asset transfers to external wallets or exchanges. By lifting these limitations, Robinhood positions itself more competitively in the international cryptocurrency market. MiCA Spurs Robinhood Optimism Johann Kerbrat, the general manager of Robinhood’s crypto division, sees strong growth potential in Europe for digital currencies, pointing to the region’s forward-thinking regulations.  In an interview with CNBC, he expressed confidence that the European Union could emerge as a key market next year. Kerbrat referenced the EU’s new Markets in Crypto-Assets (MiCA) regulation, which sets unified rules for the crypto industry across all 27 member countries. He pointed out that once MiCA takes full effect, each EU nation will operate under the same regulatory system. “In terms of the total addressable market, [the EU] is as big as the U.S,” Kerbrat said. He also noted that Europe represents a promising opportunity for Robinhood. The harmonized regulations are expected to make business smoother for crypto companies and increase trust among investors. To promote early engagement, Robinhood has introduced an offer where European…

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Filed under: News - @ October 3, 2024 3:26 am