Robinhood, a trading and brokerage company, has revealed the initiation of its cryptocurrency services for eligible customers in the European Union starting today and will enable users to trade over 25 different cryptocurrencies on its crypto app.
Interestingly, Robinhood’s venture into the European crypto market closely follows the recent launch of its stock trading app in the United Kingdom, indicating the company’s swift expansion.
When questioned about Robinhood’s crypto strategy and plans for growth in Europe, Oliver McIntosh, the senior product communications manager at Robinhood, stated that the EU is the ideal market to serve as the cornerstone for their international expansion efforts.
The latest cryptocurrency application doesn’t impose any fees on trading transactions, and users will also get a portion of their monthly trading volume returned to them in Bitcoin (BTC).
Additionally, the platform places a strong emphasis on transparency, enabling users to see the difference between buying and selling prices, including the amount the company earns from executing orders on the app.