Robinhood (HOOD.US) has launched its zero-commission cryptocurrency trading service in the European Union, marking a strategic expansion following its recent UK stock brokerage debut. The app, available from Thursday, enables EU-based investors to trade 25+ digital assets—including Bitcoin (BTC), Ethereum (ETH), and Solana’s SOL—while offering Bitcoin-based loyalty rewards tied to monthly trading volume.
Key Features of Robinhood’s EU Cryptocurrency App
- Zero-Fee Trading: No commissions on crypto transactions
- Diverse Asset Selection: 25+ supported cryptocurrencies
- Loyalty Program: Users earn Bitcoin rebates proportional to trading activity
- Localized Focus: Initial rollout excludes UK due to regulatory uncertainty
Revenue Model and Market Context
The platform generates revenue through maker-taker rebates—approximately 65 basis points per EU trade, nearly double its US rate. This launch coincides with a crypto market resurgence driven by:
- Anticipated shifts in US monetary policy
- Potential approval of Bitcoin spot ETFs
- 75% month-over-month growth in crypto trading volumes (November 2023)
⚠️ Current Limitations
- No external wallet transfers (planned for 2024)
- Pending EU regulatory approvals under MiCA framework (effective 2025)
FAQs: Robinhood’s European Crypto Expansion
Q: Why isn’t Robinhood offering crypto services in the UK?
A: The company cites unclear digital asset regulations as the primary barrier.
Q: How does Robinhood profit from zero-commission trading?
A: Through rebates from market makers—65bps per EU trade vs. 35bps in the US.
Q: What tokens are unavailable compared to the US market?
A: SOL and MATIC were delisted post-SEC securities classification in June 2023.
Q: When will external wallet transfers be available?
A: Robinhood plans to enable this feature by 2024.
👉 Explore crypto market trends
👉 Understanding MiCA regulations
The company holds a virtual currency operator license in Lithuania and seeks additional EU approvals ahead of MiCA implementation.
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