Trading and brokerage firm Robinhood has expanded its crypto services to eligible customers in the European Union. The platform now allows traders to buy and sell over 25 cryptocurrencies. This move comes shortly after Robinhood launched its stock trading application in the United Kingdom.

Oliver McIntosh, senior product communications manager at Robinhood, stated that the EU market is ideal for the company’s international expansion plans. He also praised the EU for creating the world’s first comprehensive regime for crypto assets through the Market in Crypto-assets Regulation (MiCA).

When asked about future expansion plans in the EU, McIntosh emphasized Robinhood’s mission to democratize finance for all. He revealed that the company is currently focused on launching Robinhood Crypto for customers in the European Union, with no further details provided at this time.

The new crypto app charges zero trading fees and offers customers a percentage of their trading volume back every month in Bitcoin. The platform also prioritizes transparency by allowing customers to view the spread, including the rebate received by the company from sell and trade orders.

Robinhood’s crypto platform has established relationships with crypto trading venues, enabling them to receive competitive prices and variable volume rebates. The firm initially announced its plans to enter the European market in November, six months after discontinuing crypto trading services in the United States due to regulatory pressure and prosecution of crypto firms.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇬🇧
Sentiment	neutral
Relevance Score	1
People	Oliver McIntosh
Companies	Bitcoin (BTC), Market in Crypto-assets Regulation (MiCA), Robinhood, European Union, Cointelegraph
Currencies	Bitcoin
Securities	None