Robinhood Crypto on Tuesday stated it has launched crypto transfers in Europe, enabling customers to deposit and withdraw greater than 20 cryptocurrencies and in addition earn a 1% yield on deposits. However, it has excluded a couple of tokens together with Ripple’s XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Near Protocol (NEAR), Optimism (OP), Celestia (TIA), Toncoin (TON).
Robinhood Rolls Out Crypto Transfers in Europe
Robinhood Crypto announced on October 1 the launch of crypto transfers for purchasers in Europe. It will allow prospects to deposit and withdraw greater than 20 cryptocurrencies, together with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), USD Coin (USDC), and others.
“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” stated Johann Kerbrat, VP and GM of Robinhood Crypto.
The platform can also be providing prospects to earn 1% from all their crypto deposits. It will probably be paid out in the identical cryptocurrency prospects deposit, together with a cap. The platform added that deposits and withdrawals assist will give customers extra management over their crypto holdings. It will assist make sure that “they have the same safe, low-cost, and reliable experience they expect from Robinhood.”
XRP, TON, FTM, JUP, TIA Among 13 Excludes From Service
Notably, Robinhood Europe has excluded 13 cryptocurrencies from crypto transfers. These are XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Near Protocol (NEAR), Optimism (OP), Celestia (TIA), Toncoin (TON).
With the authorized disputes between Ripple Labs and the U.S. SEC now virtually over, Robinhood Europe listed XRP on its platform for EU customers in September. However, the exclusion of those tokens from crypto transfers was seen as a serious shock within the crypto neighborhood.
The neighborhood nonetheless awaits XRP itemizing within the United States. Nevertheless, the platform’s latest listing of Uniswap, Stellar, and Tezos for New York residents has fueled hypothesis of XRP itemizing subsequent.
Varinder Singh
Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a expertise fanatic and analytical thinker, he has shared his information of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those revolutionary future applied sciences. He is at the moment masking all the most recent updates and developments within the crypto business.
Disclaimer: The offered content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.
