Robinhood Crypto has officially launched crypto transfers for its customers in Europe, a feature that has been highly anticipated in the region. This new capability allows users to deposit and withdraw over 20 different cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The introduction of crypto transfers aims to provide customers with enhanced flexibility and control over their digital assets. Johann Kerbrat, the Vice President and General Manager of Robinhood Crypto, emphasized that this launch simplifies the process of self-custody and engaging with decentralized finance (DeFi) for users. By enabling deposits and withdrawals, Robinhood is ensuring that customers maintain control over their cryptocurrencies while enjoying the same reliable and cost-effective experience that the platform is known for. To celebrate the launch, Robinhood Crypto is offering a limited-time promotion where customers in Europe can receive a 1% match on all crypto deposits. This reward is given in the same cryptocurrency that users deposit, subject to certain conditions and a cap on the total rewards. In addition to crypto transfers, Robinhood Crypto provides a range of other benefits. Customers can buy, sell, and hold over 35 cryptocurrencies at competitive rates, trade Bitcoin without incurring fees, and stake their Solana holdings to earn an estimated annual percentage yield (APY). There are also rewards for holding USD Coin (USDC) and for participating in educational programs about various cryptocurrencies. Security is a key focus for Robinhood Crypto, which ensures that users' digital assets are protected. The platform does not lend out customers' crypto or use it for leverage, and the majority of assets are stored in cold storage. Additionally, Robinhood offers crime insurance to safeguard against theft and cybersecurity breaches. Crypto transfers are now available to all eligible Robinhood Crypto customers in Europe, marking a significant step in the platform's expansion and commitment to providing comprehensive cryptocurrency services. For more information, users can visit Robinhood's dedicated crypto page.
Wednesday, October 2, 2024