CandleFocus Robinhood Introduces Crypto Transfers for EU Customers, Eyes Market Share
2024-10-01
Author: Content Editor
Crypto trading platform Robinhood has launched cryptocurrency transfers for its European customers, allowing them to deposit and withdraw digital assets including Bitcoin, Ethereum, Solana, and USD Coin. The move is in response to high demand from European traders and aims to provide greater flexibility and control over digital assets. In addition to transfers, Robinhood Crypto offers services such as staking, and the company is looking into launching its own stablecoins. Crypto-related revenue has become increasingly important to Robinhood, with transaction-based revenues seeing a 69% YoY increase in Q2 2024.
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