Robinhood launches crypto trading in the EU, with customer bonuses

Earlier on Thursday U.S.-based financial services platform, Robinhood (HOOD), blogged in part:”… we are launching the Robinhood Crypto app to all eligible customers in the European Union EU. It is the only custodial crypto platform where customers will get a percentage of their trading volume back every month, paid in Bitcoin BTC, and can get up to 1 BTC when they sign up and refer a friend. Robinhood Crypto offers buy and sell support for 25+ cryptocurrencies with industry-leading safety and security. It is the lowest cost crypto trading platform in the EU on average. “We believe crypto is the financial framework for tomorrow and that it plays a significant role in our mission to democratize finance for all,” said Johann Kerbrat, GM of Robinhood Crypto. “For this reason, we’re thrilled to expand crypto trading to customers throughout the EU, enabling them to buy and sell their favorite tokens safely and securely. The EU has developed one of the world’s most comprehensive policies for crypto asset regulation, which is why we chose the region to anchor Robinhood Crypto’s international expansion plans….In addition to being the lowest cost crypto trading platform in the EU on average, customers will earn a percentage of every trade back each month, which is paid out in Bitcoin and deposited directly into customer accounts. The amount of BTC paid out is based on the total volume traded in a given month-customers can learn more about this program and can see how much they could receive by visiting the help center.” Other symbols exposed the news in crypto trading include: BITCOIN, $ETH, $LTC (RIOT), Marathon Digital (MARA), Coinbase (COIN), MicroStrategy (MSTR), Bitcoin Investment Trust (GBTC).