Robinhood launches crypto transfers for European users with 1% match

Robinhood Crypto has introduced a new feature for its European customers, allowing them to deposit and withdraw over 20 cryptocurrencies.

The announcement was made on Tuesday, marking a significant move by the platform to enhance flexibility and control for its users.

As part of this launch, Robinhood is offering a limited-time 1% deposit match to incentivize customers to take advantage of the new feature.

According to the company, users can now transfer various cryptocurrencies, including Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Solana (CRYPTO:SOL), and USD Coin (CRYPTO:USDC), giving them greater access to manage their digital assets.

Johann Kerbrat, VP and General Manager of Robinhood Crypto, highlighted the importance of this feature, stating, “With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers.”

This step underscores Robinhood’s commitment to improving the security and decentralized finance (DeFi) options for its customers.

The platform also aims to provide a seamless experience for users, maintaining the same safe, low-cost, and reliable service they have come to expect.

Kerbrat added, “Support for deposits and withdrawals gives customers more control over their crypto while ensuring they have the same safe and reliable experience.”

In addition to crypto transfers, Robinhood continues to offer other benefits such as staking Solana, zero-fee Bitcoin trades, and high rewards for USDC holdings.