Robinhood launches commission-free cryptocurrency trading app in Europe, supporting over 25 cryptocurrencies

ChainCatcher news, according to Bloomberg, Robinhood Markets Inc. will launch commission-free cryptocurrency trading in the EU a week after debuting its stock brokerage service in the UK.

Robinhood Crypto General Manager Johann Kerbrat stated in an interview that the app will go live on Thursday and will allow European investors to buy and sell over 25 cryptocurrencies, including BTC, ETH, and SOL. The company will offer a cash-back-like loyalty program that credits a certain percentage of each user's monthly trading volume in the form of Bitcoin.

Additionally, Kerbrat mentioned that Robinhood has no plans to offer cryptocurrency services to UK investors in the near future, citing a lack of regulatory clarity regarding digital assets in the region.