Robinhood launches crypto transfers in Europe as it pushes overseas expansion

Published On Oct 1, 2024, 3:00 AM

Robinhood has announced the launch of cryptocurrency transfers for its users in Europe, allowing them to deposit and withdraw over 20 digital currencies, including Bitcoin and Ethereum. This move is part of Robinhood's strategy to expand its international presence, particularly in the European Union, where it sees potential growth due to favorable crypto regulations. The company aims to enhance its product offerings following an earlier introduction of its crypto trading service in the region last year. Additionally, Robinhood plans to acquire Luxembourg-based Bitstamp to improve its exchange technology and reach more international markets.

Read full article

Stock Forecasts

HOODView HOOD chart on TradingView

Positive

With the introduction of crypto transfers and an anticipated increase in user engagement, Robinhood's expansion into Europe positions it favorably in a growing market, potentially leading to greater revenue from its crypto services. The positive regulatory environment in the EU may further enhance its operations.

Related News

Robinhood's stock surge is Dan Gallagher's 'handiwork': Charlie Gasparino | Fox Business Video

FOX Business senior correspondent Charlie Gasparino discusses the selection implication of Robinhood stock on 'The Claman Countdown.'

HOOD

Robinhood launches crypto transfers in Europe as it pushes overseas expansion

Oct 1, 2024, 3:00 AM

Retail investing platform Robinhood is setting sights on an EU expansion as part of broader plans to increase its global foothold.

HOOD

Robinhood lets Brits lend shares for extra income in bid to grow international footprint

Sep 4, 2024, 3:58 AM

Robinhood on Wednesday launched a new feature in the U.K. allowing users to lend out any stocks they own outright in their portfolio to interested borrowers.

HOOD