Robinhood Crypto has added assist for Solana crypto transfers for customers within the European Union, based on an announcement.
The platform introduced on Oct. 21 that its clients within the EU can now switch Solana (SOL) and earn a 1% deposit bonus. Notably, SOL transfers on Robinhood Crypto come just a few weeks after the corporate rolled out crypto transfers for purchasers in Europe.
With the characteristic, clients can deposit and withdraw over 20 totally different cryptocurrencies, together with Bitcoin (BTC), Ethereum (ETH) and USDC (USDC). All deposits appeal to a 1% bonus, with this supply accessible till November 30, 2024.
Robinhood expands EU footprint
Robinhood Crypto transfers add to the platform’s product providing that features purchases and buying and selling of greater than 35 crypto belongings. Clients can even stake SOL straight from inside their app and earn an annual yield of 5.23%.
The staking characteristic is among the key developments Robinhood Crypto unveiled in Could 2024.
Aside from permitting crypto holders to stake their tokens, the platform additionally revealed plans for localized apps and crypto rewards. It additionally up to date its study & earn modules because it appeared to develop its presence throughout Europe. It focused milestones comparable to additional accessibility, improved consumer expertise and regulatory compliance.
Launched in December 2023, Robinhood Crypto EU has witnessed a key surge in buying and selling quantity. This consists of meme coin dogwifhat (WIF), whose worth rose sharply following its itemizing on the buying and selling app.
In the meantime, most customers proceed to carry and commerce Bitcoin, whose spot BTC ETFs the platform added assist for a day after the U.S. Securities and Alternate permitted them in January 2024.
By way of the general utilization, Robinhood Crypto has essentially the most customers in Poland, Italy, and Lithuania. Notably, the SEC issued a Wells Discover to Robinhood Crypto in Could.
