MENLO PARK, Calif., Might 15, 2024 (GLOBE NEWSWIRE) — At this time, Robinhood Crypto is happy to announce a sequence of recent options particularly designed for its clients in Europe, together with staking, localized apps, crypto rewards for brand new clients, and up to date Study & Earn modules. These updates intention to extend accessibility, enhance the person expertise, and reinforce our dedication to Europe-based crypto merchants.

“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,” stated 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 Energy of Staking
Beginning at the moment, we’re introducing our first-ever crypto-staking product, which can be out there completely to our clients in Europe. Robinhood Crypto clients can now stake their Solana (SOL) holdings immediately by the app, permitting them to earn rewards with the flexibleness to unstake at any time.

Increase Your Rewards
Starting at the moment, new clients can earn a ten% bonus on their web buys over their first 30 days on the platform.* The bonus can be paid out in USDC. This initiative is a part of our technique to draw new customers and enhance their crypto funding journey.

Localized Experiences Tailor-made to You
To higher serve our clients, within the coming weeks we’ll start launching native language variations of the Robinhood Crypto app, beginning with customers in Italy, Poland and Lithuania. As soon as out there in these international locations, clients can have their expertise translated into their native language, giving them extra confidence and luxury as they research their investments and place trades.

Develop Your Crypto Information with Study & Earn
Information is energy, particularly on the earth of digital property. That’s why Robinhood Crypto has rolled out a collection of Study & Earn modules centered on AVAX, BTC and USDC. These Study and Earn modules are tailored to assist clients perceive completely different cryptocurrencies whereas incomes rewards alongside the way in which. These academic modules will quickly be out there in a number of languages together with Italian, Polish and Lithuanian.

Robinhood Crypto is all the time seeking to enhance the in-app expertise to ensure it presents options and performance that clients need. Since launching in December, right here’s what we’ve seen and heard from clients:*

• Bitcoin (BTC), Dogwifhat (WIF), Solana (SOL), and Ethereum (ETH) have the very best complete commerce quantity in Europe since launch.
• Bitcoin (BTC) stays probably the most held cryptocurrency on Robinhood Crypto in Europe.
• Poland, Italy, and Lithuania are among the many high international locations in Europe for Robinhood Crypto app downloads.
• Clients in Europe have informed us that our Study & Earn program gives excellent worth and that there is a important urge for food for academic content material that rewards studying.
• Roughly a 3rd of Robinhood Crypto customers in Europe informed us that that is their first crypto buying and selling platform.
• Clients in Europe informed us that ease of use is without doubt one of the main elements they take into account when deciding the place to commerce crypto.

About Robinhood Crypto
With Robinhood Crypto in Europe, clients personal their crypto and Robinhood holds it securely on their behalf. Customers should buy and promote 30+ cryptocurrencies, monitor real-time costs, and entry charts to assist fine-tune their buying and selling technique. They’ll additionally browse and study completely different digital property, create watchlists, and monitor the newest information immediately within the app.

To be taught extra about Robinhood Crypto in Europe go to Robinhood.com or go to the Assist Middle.

Disclosures:
*Most of €500 rewards per buyer. It’s essential to maintain the worth of the reward for 180 days. Availability is proscribed to sure jurisdictions and topic to vary. Different phrases apply.

*Primarily based on inner Robinhood knowledge and area research performed with Robinhood Crypto clients within the EU.

Crypto markets are extremely risky, and buying and selling or holding crypto can result in lack of your property. Crypto isn’t authorized tender, and isn’t backed by any authorities or coated by any authorities compensation scheme.

Crypto companies are provided for eligible clients by an account with Robinhood Europe, UAB (firm quantity 306377915), with its registered deal with at Mėsinių 5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered in accordance with the regulatory necessities of the Republic of Lithuania as a digital forex alternate and digital forex depository pockets operator. RHEC is supervised by the Lithuanian Monetary Crime Investigation Service underneath the Ministry of the Inside of the Republic of Lithuania. RHEC is registered underneath No. RDWW-1076 within the register of digital forex actions, saved by the Director of the Tax Administration Chamber in Katowice, in accordance with the Anti-Cash Laundering and Counter-Terrorist Financing Act relevant in Poland. RHEC can also be registered in accordance with the regulatory necessities of the Republic of Italy within the particular part of the register of bureaux de change (digital forex and digital pockets companies suppliers) saved by the Organismo Agenti e Mediatori (OAM) underneath No. PSV153. RHEC is topic to necessities and obligations relevant within the Republic of Italy in accordance with the Legislative Decree No. 231/2007 as to the prevention of using the monetary system for the aim of cash laundering and terrorist financing and, to this finish, is supervised by the Finance Intelligence Unit (Unità di Informazione Finanziaria – UIF) of the Financial institution of Italy.

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