Robinhood users in the European Union can now transfer more than 20 different cryptocurrencies, including popular ones such as Bitcoin, Ether, Solana, and USD coin, in and out of the trading app.
This expansion of offerings is in line with the implementation of the bloc’s crypto regulations called Markets in Crypto Assets (MiCA).
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, stated that with the launch of crypto transfers in Europe, the company aims to make self-custody and participation in decentralized finance (DeFi) more accessible and simpler for its customers.
This update not only allows customers to have more control over their crypto assets but also provides them with the same secure, low-cost, and dependable experience they have come to expect from Robinhood.
This new feature comes 10 months after the trading app first introduced the ability for its EU customers to trade cryptocurrencies, citing the region’s comprehensive regulations for crypto assets.
