Robinhood Crypto has added help for Solana crypto transfers for customers within the European Union, in line with an announcement.
The platform introduced on Oct. 21 that its clients within the EU can now switch Solana (SOL) and earn a 1% deposit bonus. Notably, SOL transfers on Robinhood Crypto come just a few weeks after the corporate rolled out crypto transfers for patrons in Europe.
With the characteristic, clients can deposit and withdraw over 20 totally different cryptocurrencies, together with Bitcoin (BTC), Ethereum (ETH) and USDC (USDC). All deposits entice a 1% bonus, with this provide accessible till November 30, 2024.
Learn extra: VanEck permits staking for Solana ETP in Europe
Robinhood expands EU footprint
Robinhood Crypto transfers add to the platform’s product providing that features purchases and buying and selling of greater than 35 crypto belongings. Prospects may also stake SOL immediately from inside their app and earn an annual yield of 5.23%.
The staking characteristic is without doubt one of the key developments Robinhood Crypto unveiled in Might 2024.
Other than permitting crypto holders to stake their tokens, the platform additionally revealed plans for localized apps and crypto rewards. It additionally up to date its study & earn modules because it seemed to broaden its presence throughout Europe. It focused milestones reminiscent of additional accessibility, improved consumer expertise and regulatory compliance.
Launched in December 2023, Robinhood Crypto EU has witnessed a key surge in buying and selling quantity. This consists of meme coin dogwifhat (WIF), whose value rose sharply following its itemizing on the buying and selling app.
In the meantime, most customers proceed to carry and commerce Bitcoin, whose spot BTC ETFs the platform added help for a day after the U.S. Securities and Trade authorised them in January 2024.
When it comes to the general utilization, Robinhood Crypto has probably the most customers in Poland, Italy, and Lithuania. Notably, the SEC issued a Wells Discover to Robinhood Crypto in Might.
Learn extra: Robinhood pockets provides help for Solana
