Robinhood (NASDAQ: HOOD) is launching a Crypto app, which will be offered to all eligible customers in the European Union (EU).
According to a blog post by Robinhood, 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 safety and security.” It is described as being the “lowest cost” crypto trading platform in the EU on average.
Johann Kerbrat, GM of Robinhood Crypto, said:
“We believe crypto is the financial framework for tomorrow and that it plays a significant role in our mission to democratize finance for all. 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.”
To provide better transparency, and help customers make even more informed decisions about their purchases, we also display the spread, which “includes the rebate we receive from sell and trade orders in the app.”
By providing all-inclusive pricing, customers can rest assured there are no hidden fees and that they’re getting “the most crypto for their Euros.”
For a limited time, eligible customers will “earn a reward of up to 1 BTC when they first sign up, and can also earn up to 1 BTC for their first 300 successful eligible referrals. After signing up, customers will receive a unique referral link that they can share with friends and family.”
Robinhood Crypto is a trading platform where users “own their own crypto and they hold it securely on their behalf.”
Users can buy and sell 25+ cryptocurrencies, “track real-time prices, and access charts to help fine-tune their trading strategy.”
They can also browse and learn about different digital assets, “create watchlists, and monitor the latest news directly in the app. Support for additional tokens, crypto transfers, crypto staking, crypto learning rewards, and more are all expected to launch in 2024.”