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Robinhood Announces EU Expansion With New Crypto Services

Robinhood Announces EU Expansion With New Crypto Services

On Thursday, CNBC reported that major online brokerage Robinhood announced its expansion into the European Union with a new feature for trading cryptocurrencies. This move is part of the company’s strategy to explore growth opportunities in international markets. The newly introduced cryptocurrency service by Robinhood will enable its users to purchase, sell, and maintain a portfolio of over 25 different cryptocurrencies. This selection includes well-known tokens such as Bitcoin, ether, ripple, cardano, Solana, and Polkadot. Looking ahead to 2024, Robinhood aims to broaden its offerings to include more tokens and introduce features like crypto transfers and “staking,” which allows users to earn rewards from their cryptocurrency holdings. This development represents Robinhood’s second significant foray outside the United States. Previously, the