{"id":95521,"date":"2024-10-01T06:57:02","date_gmt":"2024-10-01T10:57:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95521"},"modified":"2024-10-01T06:57:07","modified_gmt":"2024-10-01T10:57:07","slug":"robinhood-launches-crypto-transfers-in-europe","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/robinhood-launches-crypto-transfers-in-europe\/","title":{"rendered":"Robinhood Launches Crypto Transfers in Europe"},"content":{"rendered":"\n

Robinhood, a trading application based in the United States, is extending its cryptocurrency services<\/a> to Europe by enabling customers to deposit and withdraw cryptocurrency using external platforms.<\/p>\n\n\n\n

\"Robinhood
Robinhood Launches Crypto Transfers in Europe<\/figcaption><\/figure>\n\n\n\n

On October 1, Robinhood Crypto, the crypto subsidiary of Robinhood Markets, commenced the official launch of crypto transfers for consumers in Europe.<\/p>\n\n\n\n

\n

You asked, we answered…

Crypto transfers are now available for 24 assets for all European customers! \ud83c\udf89

To celebrate, we\u2019re offering a 1% deposit match up on all the crypto you transfer-in for a limited time. Keep reading to learn more.

Terms apply.#RobinhoodOnchain\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> pic.twitter.com\/fOrJH2tW9w<\/use><\/svg><\/span><\/a><\/p>— Robinhood EU (@RobinhoodApp_EU) October 1, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The recently implemented feature on Robinhood enables European users to deposit and withdraw approximately 20 cryptocurrencies, including Bitcoin and Ether, through alternative platforms such as a wallet or crypto exchange.<\/p>\n\n\n\n

Robinhood introduced crypto services in Europe late 2023<\/h2>\n\n\n\n

Robinhood Crypto's most recent advancements in Europe have occurred nearly one year after the company introduced crypto trading services in the region in December 2023.<\/p>\n\n\n\n

Regulatory pressure in its domestic jurisdiction increased, prompting the company to pursue a European presence. Robinhood was beholden to discontinue its assistance for numerous crypto trading combinations in the United States in June 2023.<\/p>\n\n\n\n

Although Robinhood initiated crypto trading in Europe nearly a year ago, cryptocurrencies were exclusively available for purchase and sale on the platform for local customers.<\/p>\n\n\n\n

For instance, European users could not transfer their crypto assets from Binance or any other exchange and trade them on Robinhood. In addition, they could not transfer their crypto assets from Robinhood to external wallets for storage<\/a> or trading.<\/p>\n\n\n\n

Robinhood streamlines self-custody and DeFi access<\/h2>\n\n\n\n

The Robinhood app now allows users to transfer their cryptocurrency in and out of the platform in Europe, which is the most recent addition.<\/p>\n\n\n\n

Johann Kerbrat, Robinhood Crypto's vice president and general manager, has stated that the organization's most recent strategic initiatives in Europe are designed to enhance accessibility to decentralized finance (DeFi) and self-custody. He declared:<\/p>\n\n\n\n

\n

\u201cSupport for deposits and withdrawals gives customers more control over their crypto, while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Identity verification is necessary for crypto transfers on Robinhood<\/h2>\n\n\n\n

To utilize Robinhood's crypto transfer feature, users must verify their identity and enable two-factor authentication on their account.<\/p>\n\n\n\n

“The firm states on its website that it may take up to five business days to review your information and enable crypto transfers with Robinhood Crypto after you have completed those steps.”<\/p>\n\n\n\n

\"An
An excerpt from the Robinhood Crypto Europe page. Source: Robinhood<\/figcaption><\/figure>\n\n\n\n

Robinhood also stated that its European crypto services are available to eligible consumers through an account with Robinhood Europe, registered as “RHEC” in the Republic of Lithuania.<\/p>\n\n\n\n

The company has previously stated that RHEC is registered as a “virtual currency exchange and virtual currency depository wallet operator” by Lithuania's regulatory requirements.<\/p>\n\n\n\n

The company stated that under the Ministry of the Interior of Lithuania<\/use><\/svg><\/span><\/a>, the Lithuanian Financial Crime Investigation Service supervises RHEC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Robinhood, a trading application based in the United States, is extending its cryptocurrency services to Europe by enabling customers to deposit and withdraw cryptocurrency using external platforms. On October 1, Robinhood Crypto, the crypto subsidiary of Robinhood Markets, commenced the official launch of crypto transfers for consumers in Europe. The recently implemented feature on Robinhood […]<\/p>\n","protected":false},"author":12,"featured_media":58103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22166,4685,1223],"class_list":["post-95521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-tranafers","tag-europe","tag-robinhood"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/rb.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95521"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/58103"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}