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In the rapidly evolving cryptocurrency landscape, traders often detest trading fees, which are typically charged as a percentage of the total trade volume by trading firms. Addressing this concern, Robinhood Markets Inc (NASDAQ: HOOD), the operator of the trading app, introduced commission-free cryptocurrency trading to customers in the European Union on December 7, 2023.&nbsp; Commission-free Crypto trading platform for EU 
According to a Reuters recent report, the platform now stands as the sole custodial crypto service providing users with a percentage of their monthly trading volume back in Bitcoin (BTC). Furthermore, as of the current date, the HOOD share price is trading near $11.27, having experienced a significant over 7% upside movement on December 7, 2023. 
In a recent blog post, Robinhood emphasized its commitment to “democratize finance” and expand market access. The launch enables European investors to easily buy and sell over 25 cryptocurrencies, including top ones like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and more. 
What sets Robinhood apart is its innovative cashback feature, a unique offering in the crypto trading landscape. Users on the platform will receive a percentage of their trading volume back every month, with the reward disbursed in Bitcoin. This groundbreaking feature aligns with Robinhood’s mission to incentivize and engage its user base. 
Also Read: <a href="https://news.todayq.com/doge-shib-pepe-blasts-post-btc-44k-rally-whats-happening/">DOGE, SHIB, PEPE blasts post BTC $44k rally, What’s happening?</a> International growth strategy and expansion to the UK 
The announcement follows Robinhood’s recent declaration of expanding its brokerage services to the UK, marking a significant step in its international growth strategy. The move aims to provide more individuals with access to financial markets and promote financial inclusion on a global scale. 
Johann Kerbrat, the crypto general manager at Robinhood, highlighted the company’s commitment to making crypto trading more accessible and user-friendly. The development of the European market represents a strategic move to tap into the growing interest and demand for cryptocurrencies. 
As the only custodial crypto platform offering cashback rewards in Bitcoin, Robinhood is poised to reshape the crypto trading landscape in the EU. The platform’s user-friendly interface and commitment to innovation position it as a key player in the evolving landscape of global finance. 
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Robinhood shares spikes ahead its commission-free Crypto trading launch for EU users

Todayq News

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