Cyprus Mail

Robinhood launches commission-free crypto trading in EU

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly
The logo of Robinhood Markets

Trading app operator Robinhood Markets Inc (HOOD.O) said on Thursday it has launched commission-free crypto trading to customers in the European Union.

“It is the only custodial crypto platform where customers will get a percentage of their trading volume back every month, paid in Bitcoin (BTC),” Robinhood said in a blog post.

The app will allow European investors to buy and sell more than 25 cryptocurrencies, including Bitcoin, Ether and Solana’s SOL.

The launch comes a week after Robinhood announced it will roll out brokerage services in the UK as part of an international expansion plan to “democratise finance” and increase access to markets.

Bloomberg News first reported the move earlier on Thursday, citing an interview with its crypto general manager Johann Kerbrat.

Follow the Cyprus Mail on Google News

Related Posts

Government employment increases by 5.2 per cent in January

Souzana Psara

Alpha Bank pledges commitment to Cyprus economy in meeting with president

Souzana Psara

Investment funds fueling sustainable growth in Cyprus, association says

Kyriacos Nicolaou

Google enables OS upgrades for older PCs post-Windows 10 support cutoff

Reuters News Service

Freedom Holding Corp. doubles quarterly earnings to $418.6 million

Kyriacos Nicolaou

Biden’s drive for EVs collides with Detroit’s profit machines

Reuters News Service