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Robinhood Crypto Launches Crypto Transfers in Europe

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Robinhood Crypto has launched crypto transfers for customers in Europe, allowing them to deposit and withdraw over 20 cryptocurrencies. This feature, one of the most requested in the region, offers greater flexibility and control over digital assets. For a time, customers will receive a 1% match on all crypto deposits, subject to terms.

Additional benefits include:

  • Trading 35+ cryptocurrencies at low costs
  • Zero-fee Bitcoin trading with a 30 BTC sign-up bonus
  • Solana staking with an estimated 5.23% APY
  • 15% rewards on USDC holdings
  • Earn rewards for learning about cryptocurrencies

Robinhood Crypto emphasizes security, holding the majority of crypto in cold storage and offering crime insurance against theft and cybersecurity breaches.

Robinhood Crypto ha lanciato i trasferimenti di criptovalute per i clienti in Europa, consentendo loro di depositare e prelevare oltre 20 criptovalute. Questa funzione, una delle più richieste nella regione, offre maggiore flessibilità e controllo sui beni digitali. Per un periodo limitato, i clienti riceveranno un 1% di corrispondenza su tutti i depositi in criptovalute, soggetto a termini.

I vantaggi aggiuntivi includono:

  • Trading di oltre 35 criptovalute a costi ridotti
  • Trading di Bitcoin senza commissioni con un bonus di iscrizione di 30 BTC
  • Staking di Solana con un APY stimato del 5,23%
  • 15% di ricompense su USDC detenuti
  • Guadagna ricompense per apprendere sulle criptovalute

Robinhood Crypto pone enfasi sulla sicurezza, detenendo la maggior parte delle criptovalute in un cold storage e offrendo un'assicurazione contro furti e violazioni della cybersicurezza.

Robinhood Crypto ha lanzado transferencias de criptomonedas para los clientes en Europa, permitiéndoles depositar y retirar más de 20 criptomonedas. Esta función, una de las más solicitadas en la región, ofrece mayor flexibilidad y control sobre los activos digitales. Durante un tiempo limitado, los clientes recibirán un 1% de correspondencia en todos los depósitos de criptomonedas, sujeto a términos.

Los beneficios adicionales incluyen:

  • Operar con más de 35 criptomonedas a bajo costo
  • Comercio de Bitcoin sin comisiones con un bono de inscripción de 30 BTC
  • Staking de Solana con un APY estimado del 5.23%
  • 15% de recompensas en tenencias de USDC
  • Gana recompensas por aprender sobre criptomonedas

Robinhood Crypto enfatiza la seguridad, manteniendo la mayoría de las criptomonedas en almacenamiento frío y ofreciendo un seguro contra robos y violaciones de seguridad cibernética.

로빈후드 크립토가 유럽 고객을 위한 암호화폐 전송 서비스를 시작했습니다. 이를 통해 고객은 20종 이상의 암호화폐를 입금하고 인출할 수 있습니다. 이 기능은 지역 내에서 가장 많은 요청을 받은 기능 중 하나로, 디지털 자산에 대한 유연성과 통제를 제공합니다. 한정된 시간 동안 고객은 모든 암호화폐 입금에 대해 1% 일치를 받을 수 있습니다, 조건이 적용됩니다.

추가 혜택은 다음과 같습니다:

  • 35종 이상의 암호화폐를 저렴한 비용으로 거래
  • 30 BTC 가입 보너스를 포함한 수수료 없는 비트코인 거래
  • 5.23% APY로 추정되는 솔라나 스테이킹
  • USDC 보유에 대한 15% 보상
  • 암호화폐에 대해 배우면 보상 획득

로빈후드 크립토는 대부분의 암호화폐를 콜드 스토리지에 보관하고 도난 및 사이버 보안 위반에 대한 범죄 보험을 제공하여 보안을 강조합니다.

Robinhood Crypto a lancé des transferts de crypto-monnaies pour les clients en Europe, leur permettant de déposer et de retirer plus de 20 crypto-monnaies. Cette fonctionnalité, l'une des plus demandées dans la région, offre une plus grande flexibilité et un meilleur contrôle des actifs numériques. Pendant une période limitée, les clients recevront une correspondance de 1 % sur tous les dépôts en crypto-monnaies, sous réserve de conditions.

Les avantages supplémentaires incluent :

  • Négociation de plus de 35 crypto-monnaies à faible coût
  • Négociation de Bitcoin sans frais avec un bonus d'inscription de 30 BTC
  • Staking de Solana avec un APY estimé à 5,23%
  • 15 % de récompenses sur les avoirs USDC
  • Gagnez des récompenses en apprenant sur les crypto-monnaies

Robinhood Crypto met l'accent sur la sécurité en conservant la majorité des crypto-monnaies dans un cold storage et en offrant une assurance contre le vol et les violations de la cybersécurité.

Robinhood Crypto hat Krypto-Transfers für Kunden in Europa gestartet, sodass diese über 20 Kryptowährungen einzahlen und abheben können. Dieses Feature, eines der meistgefragten in der Region, bietet größere Flexibilität und Kontrolle über digitale Vermögenswerte. Für eine begrenzte Zeit erhalten Kunden 1% Übereinstimmung auf alle Krypto-Einzahlungen, vorbehaltlich der Bedingungen.

Zusätzliche Vorteile umfassen:

  • Handel mit über 35 Kryptowährungen zu niedrigen Kosten
  • Gebührenfreier Bitcoin-Handel mit einem 30 BTC Anmeldebonus
  • Solana-Staking mit einer geschätzten 5,23% APY
  • 15% Belohnungen auf USDC-Bestände
  • Belohnungen verdienen für das Lernen über Kryptowährungen

Robinhood Crypto legt Wert auf Sicherheit und hält die Mehrheit der Kryptos in Cold Storage, während es eine Versicherung gegen Diebstahl und Cyber-Sicherheitsverletzungen anbietet.

Positive
  • Launch of crypto transfers in Europe, allowing deposit and withdrawal of 20+ cryptocurrencies
  • 1% match on all crypto deposits for a time
  • Zero-fee Bitcoin trading with a 30 BTC sign-up bonus
  • Estimated 5.23% APY for Solana staking
  • 15% rewards on USDC holdings with no limit
  • Offering crime insurance against theft and cybersecurity breaches
Negative
  • -time offers may expire, potentially reducing attractiveness for new customers
  • Crypto market volatility warning, indicating potential for asset loss

Insights

Robinhood's launch of crypto transfers in Europe marks a significant expansion of their cryptocurrency services. This move addresses a key customer demand and positions Robinhood competitively in the European crypto market. The ability to deposit and withdraw 20+ cryptocurrencies enhances user flexibility and could attract more crypto-savvy customers. The 1% deposit match promotion is a strategic move to incentivize adoption and increase assets under management. Notably, Robinhood's emphasis on low-cost trading, zero-fee Bitcoin transactions and additional features like staking and rewards programs demonstrate a comprehensive approach to capture market share. The focus on security measures, including cold storage and crime insurance, addresses critical concerns in the crypto space. This expansion could potentially drive user growth and transaction volume for Robinhood in Europe, positively impacting their revenue streams from crypto trading.

The introduction of crypto transfers by Robinhood in Europe is a game-changer for the platform's competitive stance. By enabling self-custody and DeFi access, Robinhood is tapping into the growing trend of crypto users seeking more control over their assets. The support for 35+ cryptocurrencies, including major ones like Bitcoin, Ethereum and Solana, positions Robinhood as a comprehensive crypto platform. The 5.23% APY on SOL staking and 15% rewards on USDC holdings are particularly attractive in the current market. These offerings, combined with educational incentives through the Learn and Earn program, could significantly boost user engagement and crypto adoption on the platform. However, it's important to note the volatile nature of crypto markets and the potential risks involved, which Robinhood appropriately discloses. This expansion could potentially increase Robinhood's crypto trading volumes and revenue, subject to market conditions and regulatory developments in Europe.

Robinhood Crypto customers in Europe can now deposit and withdraw 20+ cryptocurrencies, and will earn a 1% deposit match for a limited time

Robinhood Crypto Launches Transfers in Europe

MENLO PARK, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Robinhood Crypto has launched crypto transfers for customers in Europe, which is one of the most requested features in the region. Crypto transfers enable customers to deposit and withdraw more than 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC), and others, giving them greater flexibility and control over their digital assets. For a full list of supported cryptocurrencies, please visit our Help Center.

“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” said Johann Kerbrat, VP and GM of Robinhood Crypto. “Support for deposits and withdrawals gives customers more control over their crypto, while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.”

For a limited time, Robinhood Crypto is also offering customers in Europe a 1% match on all crypto deposits, which is paid out in the same cryptocurrency they deposit, subject to a cap.1

Crypto transfers in Europe is just one of the many benefits Robinhood Crypto offers. Customers can also:

  • Buy, sell, and hold 35+ cryptocurrencies at the lowest cost on average.2
  • Trade Bitcoin with zero fees and get 30 in BTC when you sign up.3
  • Stake their SOL to earn an estimated 5.23% APY. For a limited time, customers can get even more SOL with a 100% staking earning match.4
  • Get 15% rewards on USDC holdings with no limit.5
  • Earn rewards for learning about cryptocurrencies such as BTC, PEPE, AVAX, and USDC.6

Robinhood Crypto also offers protection for your coins and peace of mind that your digital assets are safe. Robinhood Crypto does not lend your crypto or leverage against it, holds the majority of crypto in cold storage, and customers’ accounts are backed by industry-leading security. In addition Robinhood Crypto offers crime insurance against theft and cybersecurity breaches.

Crypto transfers are available to all eligible Robinhood Crypto customers in Europe today. To learn more about Robinhood Crypto visit https://robinhood.com/eu/en/about/crypto/

Disclosures
1This is a limited-time offer, subject to change. Maximum of €10,000 rewards per customer. Rewards are only available while supplies last. Eligible customers must keep their account balance above the value of their deposits and match rewards for 180 days to keep the bonus. Other terms apply.

2The statements above are based on research conducted and verified by an independent third party based on quotes for the respective crypto on the trading platforms shown on July 31, 2024. Past amount of crypto shown in such quotes is not a guarantee of future results. The amount of crypto quoted may fluctuate based on market conditions and volatility and the actual amount quoted may at all times be more or less than the amounts shown.

3Zero-fee trading is subject to change. You must hold the cash value of the reward for 180 days after the reward is granted. Limited to certain jurisdictions. Other terms apply.

4APY is subject to change. This is a limited time offer, subject to availability and/or while supplies last. Other terms apply.

5USDC 15% rewards promotion ends December 15th, 2024. Rewards accrue daily based on your end of day USDC balance. Offer details subject to change at any time. Other terms apply.

6The Learn and Earn Program is available only to those RHEC customers that RHEC contacts directly about the Learn and Earn offer (the “Learn and Earn Offer”) and who fulfill the eligibility requirements. Other terms apply.

Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme.

Cryptocurrency services are offered for eligible EU customers through an account with Robinhood Europe, UAB (company number 306377915), with its registered address at Mėsinių 5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered according to the regulatory requirements of the Republic of Lithuania as a virtual currency exchange and virtual currency depository wallet operator. RHEC is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. RHEC is registered under the applicable Polish law as a virtual assets service provider (VASP) in the Register of Virtual Currency Activities maintained by the Director of the Tax Administration Chamber.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b2482507-6d99-4116-8502-34029c8bfd2a

Contacts

Investor Relations

ir@robinhood.com

Media

press@robinhood.com


FAQ

What new feature has Robinhood Crypto (HOOD) launched in Europe?

Robinhood Crypto has launched crypto transfers for customers in Europe, allowing them to deposit and withdraw over 20 cryptocurrencies.

How many cryptocurrencies can Robinhood (HOOD) customers trade in Europe?

Robinhood Crypto customers in Europe can buy, sell, and hold over 35 cryptocurrencies.

What promotional offer is Robinhood (HOOD) providing for crypto deposits in Europe?

For a time, Robinhood Crypto is offering customers in Europe a 1% match on all crypto deposits, paid out in the same cryptocurrency they deposit, subject to a cap.

What is the estimated APY for Solana staking on Robinhood (HOOD)?

Robinhood Crypto offers an estimated 5.23% APY for Solana staking.

What security measures does Robinhood Crypto (HOOD) implement for customer assets?

Robinhood Crypto holds the majority of crypto in cold storage, offers crime insurance against theft and cybersecurity breaches, and does not lend or leverage customer crypto assets.

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