Robinhood Crypto on Tuesday mentioned 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. Nevertheless, it has excluded a number of tokens together with Ripple’s XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Close to 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 is going to allow clients 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 getting into DeFi easier and extra accessible for our clients,” mentioned Johann Kerbrat, VP and GM of Robinhood Crypto.
The platform can also be providing clients to earn 1% from all their crypto deposits. It is going to be paid out in the identical cryptocurrency clients deposit, together with a cap. The platform added that deposits and withdrawals help will give customers extra management over their crypto holdings. It is going to assist make sure that “they’ve the identical secure, low-cost, and dependable expertise they anticipate from Robinhood.”
XRP, TON, FTM, JUP, TIA Amongst 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), Close to Protocol (NEAR), Optimism (OP), Celestia (TIA), Toncoin (TON).
With the authorized disputes between Ripple Labs and the U.S. SEC now nearly over, Robinhood Europe listed XRP on its platform for EU customers in September. Nevertheless, the exclusion of those tokens from crypto transfers was seen as a significant shock within the crypto group.
The group nonetheless awaits XRP itemizing in america. Nonetheless, 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 know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those modern future applied sciences. He’s at the moment masking all the newest updates and developments within the crypto business.
Disclaimer: The offered content material could embrace 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 accountability in your private monetary loss.
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