Ethereum

Solana

Bitcoin

Read

<div class="cryptonews"> 
 <p class="is-style-lead">Robinhood Markets Inc. launches a new application for <a rel="dofollow" title="commission-free" href="https://thebittimes.com/tag/commission-free.html">commission-free</a> <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <a rel="dofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> in the European Union.</p> 
 <p>According to Bloomberg, the new application will allow European investors to buy and sell more than 25 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).</p> 
 <p>Robinhood Crypto CEO Johann Kerbrath noted that it will also offer a loyalty program similar to cashback, rewarding a percentage of each user’s monthly <a rel="dofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> volume in the form of Bitcoin. European Robinhood Crypto customers will not be able to transfer their <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets outside of the app for the time being. This feature is expected to arrive next year along with other tokens and staking services. </p> 
 <p>The company will need to obtain full authorization as a crypto service provider in at least one EU member state once the bloc’s new Markets for Crypto-Assets (MiCA) regime comes into force in early 2025.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Robinhood to launch crypto services in EU in ‘coming months’ 
 </div> 
 <p>However, Robinhood does not have any immediate plans to offer its crypto services to UK investors, citing a lack of regulatory clarity regarding digital assets.</p> 
 <p>Robinhood previously published a report for the U.S. Securities and Exchange Commission (SEC), in which, among other things, it reported a 75% increase in cryptocurrency trading volumes on its own platform in November this year compared to the previous month.</p> 
 <p>Rising digital asset trading volumes could mark a turning point for Robinhood, which has been experiencing declining cryptocurrency revenue over the past several quarters.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Robinhood targets EU for crypto trading growth amid shortfall in Q3 revenue 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/robinhood-introduces-commission-free-crypto-trading-app-tbt72883.html">https://thebittimes.com/robinhood-introduces-commission-free-crypto-trading-app-tbt72883.html</a></p>

Robinhood introduces commission-free crypto trading app

TheBitTimes

Other articles published on Dec 7, 2023

Origin Protocol’s Matthew Liu Looks Back on Six Years of Building on Ethereum

Top altcoins to watch right now

Nubank, Circle, and Talos join forces for crypto adoption in Brazil

Thailand overtakes giants, emerges a crypto titan – HashKey Report

Analyst Says Ethereum Rival Solana Primed To Go ‘Much Much Higher’ – But There’s a Catch

Robinhood Launches Commission Free Crypto Trading App in EU

Join our free newsletter for daily crypto updates!