Fun

US trading app Robinhood launches ‘crypto transfers’ in Europe

News Feed - 2024-10-01 06:10:29

Helen Partz15 hours agoUS trading app Robinhood launches ‘crypto transfers’ in EuropeRobinhood users in Europe can now deposit and withdraw crypto using external wallets and exchanges like Binance.1437 Total views9 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onUnited States trading app Robinhood is expanding cryptocurrency services in Europe by allowing customers to deposit and withdraw crypto using external platforms.


Robinhood Markets’ crypto subsidiary, Robinhood Crypto, launched crypto transfers for customers in Europe on Oct. 1.Source:Robinhood Crypto EU


The feature allows European users to deposit and withdraw about 20 cryptocurrencies, including Bitcoin (BTC) or Ether (ETH), using other platforms such as a crypto exchange or a wallet.Robinhood debuted crypto services in Europe in late 2023


Robinhood Crypto’s latest European developments come almost a year since Robinhood debut of crypto trading services in the region in December 2023.


The company’s push for a European presence came amid increasing regulatory pressure in its home jurisdiction. In June 2023, Robinhood was forced to cease support for several crypto trading pairs in the US.


While Robinhood launched crypto trading in Europe almost a year ago, its local customers could only buy and sell cryptocurrencies on the platform.


For example, European users could not send their crypto assets from Binance or any other exchange and trade them on Robinhood. They could also not send their crypto assets on Robinhood to external wallets for storage or trading.Robinhood moves to simplify self-custody and DeFi entrance


With the latest addition to Robinhood’s platform in Europe, users can send their crypto in and out of the Robinhood app.


According to Robinhood Crypto’s vice president and general manager, Johann Kerbrat, the company’s latest moves in Europe aim to improve access to self-custody and decentralized finance (DeFi). He stated:“Support for deposits and withdrawals gives customers more control over their crypto, while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.”Robinhood requires identity verification for crypto transfers


To use Robinhood’s crypto transfer feature, users must verify their identity and enable two-factor authentication on their account.


“After you complete those steps, it can take up to 5 business days to review your info and enable crypto transfers with Robinhood Crypto,” the firm states on its website:An excerpt from the Robinhood Crypto Europe page. Source: Robinhood


Robinhood also mentioned that its crypto services in Europe are offered to eligible customers through an account with Robinhood Europe, registered as “RHEC” in the Republic of Lithuania.


Related:MiCA threatens crypto firm exodus to Middle East: Regulatory expert


The company previously noted that RHEC is registered according to Lithuania’s regulatory requirements as a “virtual currency exchange and virtual currency depository wallet operator.”


“RHEC is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania,” the company noted.


Cointelegraph approached Robinhood for a comment regarding the list of European countries eligible for the new crypto transfer option but did not receive a response at the time of publication.


Magazine:CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28# Bitcoin# Business# Wallet# Europe# Robinhood# Self CustodyAdd reaction

News Feed

SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project
SBF"s "Truly Trustless" Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project According to Solana’s founder, Anatoly Yakovenko, Serum developers
Coingecko Publishes Q3 Crypto Report — BTC Outperformed Every Major Asset Class, Altcoins Decouple
Coingecko Publishes Q3 Crypto Report — BTC Outperformed Every Major Asset Class, Altcoins Decouple On Thursday, the crypto asset aggregation portal Coingecko published the firm&#
US-Russia Bitcoin Reserve Race Could Drive Altcoin Markets to Record Highs: Key Tokens to Watch
Este artículo también está disponible en español. A leaked proposal to Russian finance minister, Anton Siluanov on the creation of a bitcoin strategic reserve in Russia,
Institutional DeFi players will bring commercial real estate onchain: KPMG exec
Brayden Lindrea3 hours agoInstitutional DeFi players will bring commercial real estate onchain: KPMG execDeFi activity from institutions would be more “permissioned” as market participants will want to know who they
Ana Paula Pereira6 hours agoa16z suggests Machiavelli to fix decentralized governanceIn a blog post, a16z’s Miles Jennings discusses how DAOs can avoid power centralization by applying Machiavelli’s principles.840 To
Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated
Nigerian Presidential Hopeful Says He Supports Digital Currencies but Wants the Industry Regulated Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digit
Crypto critics file updated campaign finance complaint against Coinbase
Brayden Lindrea6 hours agoCrypto critics file updated campaign finance complaint against CoinbaseThe complainants and Coinbase disagree on whether a government contract to custody seized crypto breaches campaign finance
Ross Ulbricht’s 9th Price Analysis Predicts Bitcoin Prices Below $3,000
Ross Ulbricht"s 9th Price Analysis Predicts Bitcoin Prices Below $3,000The founder of the Silk Road marketplace, Ross Ulbricht, has published another analysis that attempts to predi
Tesla Foils Ransomware Attack After Employee Rejects Bitcoin Bribe Worth $1 Million
Tesla Foils Ransomware Attack After Employee Rejects Bitcoin Bribe Worth $1 MillionTesla’s Elon Musk has said the company recently foiled attempts to infect its computer netwo
Prashant Jha10 hours agoETF analyst raises spot Bitcoin ETF approval chances in the US to 65%The ETF analyst predicted that recent developments in the Ripple vs. SEC case and the upcoming Grayscale lawsuit would be cruci
Bitcoin May Hit $78,500 If This Critical Support Fails – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’
Australian Government Says It Is Working to Ensure "Regulation of Crypto Assets Protects Consumers" The Australian government has said it will take steps to ensure the “regul