Robinhood Crypto has added toughen for Solana crypto transfers for users within the European Union, basically based mostly on an announcement.
The platform announced on Oct. 21 that its customers within the EU can now transfer Solana (SOL) and produce a 1% deposit bonus. Notably, SOL transfers on Robinhood Crypto reach a few weeks after the firm rolled out crypto transfers for customers in Europe.
With the feature, customers can deposit and withdraw over 20 varied cryptocurrencies, together with Bitcoin (BTC), Ethereum (ETH) and USDC (USDC). All deposits entice a 1% bonus, with this provide readily accessible until November 30, 2024.
Robinhood expands EU footprint
Robinhood Crypto transfers add to the platform’s product offering that entails purchases and trading of more than 35 crypto sources. Potentialities can additionally stake SOL proper faraway from within their app and produce an annual yield of 5.23%.
The staking feature is without doubt among the well-known developments Robinhood Crypto unveiled in Could maybe well perhaps also 2024.
Rather than allowing crypto holders to stake their tokens, the platform additionally revealed plans for localized apps and crypto rewards. It additionally up as a lot as now its study & produce modules because it looked to lengthen its presence across Europe. It focused milestones similar to additional accessibility, improved user ride and regulatory compliance.
Launched in December 2023, Robinhood Crypto EU has witnessed a key surge in trading volume. This entails meme coin dogwifhat (WIF), whose charge rose sharply following its itemizing on the trading app.
Meanwhile, most users proceed to defend and trade Bitcoin, whose area BTC ETFs the platform added toughen for a day after the U.S. Securities and Alternate popular them in January 2024.
With regards to the total utilization, Robinhood Crypto has basically the most users in Poland, Italy, and Lithuania. Notably, the SEC issued a Wells Look to Robinhood Crypto in Could maybe well perhaps also.
