Markets
Robinhood Crypto Launches Staking in Europe with Localized
MENLO PARK, Calif., May 15, 2024 (GLOBE NEWSWIRE) — Today, Robinhood Crypto is excited to announce a series of new features designed specifically 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 user experience and strengthen our commitment to Europe-based cryptocurrency traders.
“Since launching late 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. Cryptocurrency. “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 represents a significant step forward in our mission to offer customers a “more personalized in-app experience that meets their specific needs and helps them on their financial journey.”
Unlock the power of staking
Starting today, we are introducing our first 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 cancel their holdings at any time.
Increase your rewards
Starting today, new customers can earn a 10% bonus on their net purchases during their first 30 days on the platform.* The bonus will be paid in USDC. This initiative is part of our strategy to attract new users and improve their cryptocurrency investment journey.
Localized experiences tailored to you
To better serve our customers, we will begin rolling out local language versions of the Robinhood Crypto app in the coming weeks, starting with users in Italy, Poland, and Lithuania. Once available in those countries, their expertise will be translated into their native language, which will give them greater confidence and comfort as they research their investments and make trades.
Expand your cryptography knowledge with Learn & Earn
Knowledge is power, especially in the world of digital assets. That’s why Robinhood Crypto has launched 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 learning 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 ensure it offers the features and functionality 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 trading 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 offers exceptional value and that there is significant interest in training content that rewards learning.
- About a third of Robinhood Crypto users in Europe told us that this is their first cryptocurrency trading platform.
- Customers in Europe have told us that ease of use is one of the main factors they consider when deciding where to trade cryptocurrencies.
About Robinhood Crypto
With Robinhood Crypto in Europe, customers own their cryptocurrencies and Robinhood securely stores them on their behalf. Users can buy and sell over 30 cryptocurrencies, monitor prices in real time and access charts to optimize their trading strategy. They can also browse and learn about different digital assets, create watchlists, and track breaking news directly in the app.
To learn more about Robinhood Crypto in Europe visit Robinhood.com or visit the Service center.
Information:
*Maximum €500 rewards per customer. You must hold the value of the prize for 180 days. Availability is limited to some jurisdictions and subject to change. Other terms apply to.
*Based on internal Robinhood data and field research conducted with Robinhood Crypto customers in the EU.
Cryptocurrency markets are highly volatile and trading or holding cryptocurrencies can lead to the loss of your assets. Cryptocurrencies are not legal tender and are not backed by any government or covered by any government clearing system.
Cryptographic Services are offered to eligible customers through an account with Robinhood Europe, UAB (company number 306377915), with 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 deposit wallet operator. The 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 number RDWW-1076 in the Register of Virtual Currency Activities, maintained by the Director of the Katowice Chamber of Tax Administration, in accordance with the Anti-Money Laundering and Terrorist Financing Act applicable in Poland. RHEC is also registered according to the regulatory requirements of the Italian Republic in the special section of the register of exchange offices (providers of virtual currency and digital wallet services) held by the Organismo Agenti e Mediatori (OAM) at no. PSV153. RHEC is subject to the requirements and obligations applicable in the Italian Republic pursuant to Legislative Decree no. 231/2007 regarding the prevention of the use of the financial system for the purposes of money laundering and terrorist financing and, to this end, is supervised by the Financial Intelligence Unit (FIU) of the Bank of Italy.
Robinhood, 85 Willow Road, Menlo Park, CA 94025.
© 2024 Robinhood. All rights reserved.
3573105
The 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
