Robinhood launches crypto trading app in Europe

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Quick Take

  • The launch in Europe comes after previous attempts to roll out its services in the UK went awry.

Robinhood, the investment app, today announced the launch of its crypto trading app in the European Union. The app will go live on Thursday, with over 25 coins and tokens available to investors, including bitcoin, ether and SOL.

The company launched its brokerage services in the UK just a week ago after two failed attempts. One of those involved the purchase of UK crypto startup Ziglu, but that deal ultimately fell through.

In its announcement today, Robinhood said its platform is the only one on the market that offers to repay a percentage of customers’ trading volume each month in bitcoin. Users can also earn referral bonuses in bitcoin.

“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,” said Johann Kerbrat, GM of Robinhood Crypto, in a statement.


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AUTHOR

Ryan Weeks is deals editor at the The Block, focused on fundraising, M&A and institutional trends in the crypto space, among other things. He is particularly interested in investigative work — so please send tips! Ryan previously worked at Financial News, Dow Jones as a fintech correspondent in London. Prior to that, he wrote for several different publications, including Sifted, AltFi and Wired. Beyond journalism, Ryan is a keen reader and writer. He enjoys all things active, especially running, rugby, climbing and tennis.

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To contact the editor of this story: Adam James at [email protected]

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