With more than twenty-five coins accessible for sale, Robinhood offers cryptocurrency trading services to all qualified consumers in the EU. On December 7, trading and brokerage businesses announced that all qualified consumers in the European Union would be able to use its cryptocurrency services. Over 25 cryptocurrencies will be available for traders to purchase and sell on the site.
Robinhood only introduced its stock dealing app in the UK a week ago, and now it is entering the European cryptocurrency sector. To learn more about their intentions for European development and its focus on cryptocurrencies, Cointelegraph reached out to Oliver McIntosh, senior marketing communications manager at the company.
Robinhood Considers Transparency As One Of Their Top Priorities In This New Venture
According to Mcintosh, Robinhood “welcomes the strategy taken by the EU to establish the world’s first complete regime for digital currencies via the MiCA” and the EU is the ideal market to underpin the company’s goals for worldwide development. “The introduction of a custodial cryptocurrency product for users in the EU is a major step forward in Robinhood’s objective to democratize banking for all,” Mcintosh stated in response to a question regarding future expansion plans in the EU.
Right now, our main goal is to make Robinhood Crypto available to users in the EU. Right now, we have nothing further to disclose. Customers of the new cryptocurrency app will earn a monthly proportion of the amount they trade back in BTC ticker symbols down $43,273 in addition to the program’s zero trading expenses. Transparency is another top priority for the new platform, which lets users see the spread in the app, including the company’s rebate on sell and trade orders.
According to Mcintosh, who spoke with Cointelegraph, the Robinhood cryptocurrency platform has connections to cryptocurrency exchanges that enable them to offer competitive pricing in exchange for fluctuating volume discounts from those exchanges.