Robinhood Crypto Launches Staking in Europe with Localized Apps to Follow
May 15 2024 - 3:00AM
Robinhood Crypto Launches Staking in Europe with Localized Apps to
Follow
Today, Robinhood Crypto is excited to announce a series of new
features specifically designed for its customers in Europe,
including staking, localized apps, crypto rewards for new
customers, and updated Learn & Earn modules. These updates aim
to increase accessibility, improve the user experience, and
reinforce our commitment to Europe-based crypto traders.
“Since launching at the end of last year, our customers in
Europe have told us loud and clear that they want an app that
provides local language support and products that help them earn
additional passive income,” said Johann Kerbrat, VP and GM of
Robinhood Crypto. “Robinhood Crypto is already one of the lowest
cost places to trade on average with an easy-to-use interface that
prioritizes education. Today’s news is a significant step forward
in our mission to offer customers a more tailored in-app experience
that meets their specific needs and helps them on their financial
journey.”
Unlock the Power of StakingStarting today,
we’re introducing our first-ever crypto-staking product, which will
be available exclusively to our customers in Europe. Robinhood
Crypto customers can now stake their Solana (SOL) holdings directly
through the app, allowing them to earn rewards with the flexibility
to unstake at any time.
Boost Your RewardsBeginning today, new
customers can earn a 10% bonus on their net buys over their first
30 days on the platform.* The bonus will be paid out in USDC. This
initiative is part of our strategy to attract new users and improve
their crypto investment journey.
Localized Experiences Tailored to YouTo better
serve our customers, in the coming weeks we will begin launching
local language versions of the Robinhood Crypto app, starting with
users in Italy, Poland and Lithuania. Once available in those
countries, customers will have their experience translated into
their native language, giving them more confidence and comfort as
they research their investments and place trades.
Expand Your Crypto Knowledge with Learn &
EarnKnowledge is power, especially in the world of digital
assets. That’s why Robinhood Crypto has rolled out a suite of Learn
& Earn modules focused on AVAX, BTC and USDC. These Learn and
Earn modules are tailor-made to help customers understand different
cryptocurrencies while earning rewards along the way. These
educational modules will soon be available in multiple languages
including Italian, Polish and Lithuanian.
Robinhood Crypto is always looking to improve the in-app
experience to make sure it offers features and functionality that
customers want. Since launching in December, here’s what we’ve seen
and heard from customers:*
- Bitcoin (BTC), Dogwifhat (WIF), Solana (SOL), and Ethereum
(ETH) have the highest total trade volume in Europe since
launch.
- Bitcoin (BTC) remains the most held cryptocurrency on Robinhood
Crypto in Europe.
- Poland, Italy, and Lithuania are among the top countries in
Europe for Robinhood Crypto app downloads.
- Customers in Europe have told us that our Learn & Earn
program provides outstanding value and that there's a significant
appetite for educational content that rewards learning.
- Roughly a third of Robinhood Crypto users in Europe told us
that this is their first crypto trading platform.
- Customers in Europe told us that ease of use is one of the
primary factors they consider when deciding where to trade
crypto.
About Robinhood
CryptoWith Robinhood Crypto in Europe, customers own their
crypto and Robinhood holds it securely on their behalf. Users can
buy and sell 30+ cryptocurrencies, track real-time prices, and
access charts to help fine-tune their trading strategy. They can
also browse and learn about different digital assets, create
watchlists, and monitor the latest news directly in the app.
To learn more about Robinhood Crypto in Europe visit
Robinhood.com or visit the Help Center.
Disclosures:*Maximum of €500 rewards per customer. You must hold
the value of the reward for 180 days. Availability is limited to
certain jurisdictions and subject to change. Other terms apply.
*Based on internal Robinhood data and field research conducted
with Robinhood Crypto customers in the EU.
Crypto markets are highly volatile,
and trading or holding crypto can lead to loss of your assets.
Crypto is not legal tender, and is not backed by any government or
covered by any government compensation scheme.
Crypto services are offered for
eligible customers through an account with Robinhood Europe, UAB
(company number 306377915), with its registered address at Mėsinių
5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered
according to the regulatory requirements of the Republic of
Lithuania as a virtual currency exchange and virtual currency
depository wallet operator. RHEC is supervised by the Lithuanian
Financial Crime Investigation Service under the Ministry of the
Interior of the Republic of Lithuania. RHEC is registered under No.
RDWW-1076 in the register of virtual currency activities, kept by
the Director of the Tax Administration Chamber in Katowice, in
accordance with the Anti-Money Laundering and Counter-Terrorist
Financing Act applicable in Poland. RHEC is also registered
according to the regulatory requirements of the Republic of Italy
in the special section of the register of bureaux de change
(virtual currency and digital wallet services providers) kept by
the Organismo Agenti e Mediatori (OAM) under No. PSV153. RHEC is
subject to requirements and obligations applicable in the Republic
of Italy in accordance with the Legislative Decree No. 231/2007 as
to the prevention of the use of the financial system for the
purpose of money laundering and terrorist financing and, to this
end, is supervised by the Finance Intelligence Unit (Unità di
Informazione Finanziaria – UIF) of the Bank of Italy.
Robinhood, 85 Willow Road, Menlo Park,
CA 94025.
© 2024 Robinhood. All rights
reserved.
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Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3f8e68d-c0b3-4ac5-b632-cdca01de2f6d
https://www.globenewswire.com/NewsRoom/AttachmentNg/99beb5a2-7165-483b-adc9-04a44934259a
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