MENLO PARK, Calif., Could 15, 2024 (GLOBE NEWSWIRE) — In the present day, Robinhood Crypto is worked up to announce a collection of recent options particularly designed for its clients in Europe, together with staking, localized apps, crypto rewards for brand spanking new clients, and up to date Be taught & 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,” mentioned 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 present, we’re introducing our first-ever crypto-staking product, which will likely be obtainable completely to our clients in Europe. Robinhood Crypto clients can now stake their Solana (SOL) holdings straight by the app, permitting them to earn rewards with the flexibleness to unstake at any time.

Enhance Your Rewards
Starting at present, new clients can earn a ten% bonus on their internet buys over their first 30 days on the platform.* The bonus will likely 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 are going to start launching native language variations of the Robinhood Crypto app, beginning with customers in Italy, Poland and Lithuania. As soon as obtainable in these nations, clients may have their expertise translated into their native language, giving them extra confidence and luxury as they research their investments and place trades.

Increase Your Crypto Data with Be taught & Earn
Data is energy, particularly on the planet of digital belongings. That’s why Robinhood Crypto has rolled out a collection of Be taught & Earn modules centered on AVAX, BTC and USDC. These Be taught 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 obtainable 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 best whole commerce quantity in Europe since launch.
• Bitcoin (BTC) stays essentially the most held cryptocurrency on Robinhood Crypto in Europe.
• Poland, Italy, and Lithuania are among the many high nations in Europe for Robinhood Crypto app downloads.
• Prospects in Europe have instructed us that our Be taught & Earn program gives excellent worth and that there is a vital urge for food for academic content material that rewards studying.
• Roughly a 3rd of Robinhood Crypto customers in Europe instructed us that that is their first crypto buying and selling platform.
• Prospects in Europe instructed us that ease of use is without doubt one of the main components they think about 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 purchase 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 belongings, create watchlists, and monitor the newest information straight 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. You have 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 belongings. Crypto isn’t authorized tender, and isn’t backed by any authorities or lined by any authorities compensation scheme.

Crypto companies are supplied for eligible clients by an account with Robinhood Europe, UAB (firm quantity 306377915), with its registered handle at Mėsinių 5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered in line with the regulatory necessities of the Republic of Lithuania as a digital foreign money alternate and digital foreign money depository pockets operator. RHEC is supervised by the Lithuanian Monetary Crime Investigation Service below the Ministry of the Inside of the Republic of Lithuania. RHEC is registered below No. RDWW-1076 within the register of digital foreign money actions, stored 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 be registered in line with the regulatory necessities of the Republic of Italy within the particular part of the register of bureaux de change (digital foreign money and digital pockets companies suppliers) stored by the Organismo Agenti e Mediatori (OAM) below 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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