Odaily Planet Daily News Robinhood Crypto announced on Tuesday that Spanish users can now use the platform's trading, staking and investment services. This is the company's latest expansion in Europe after the EU implemented crypto asset market regulations.
Last year, the trading platform announced a plan to expand its services to the European Union, the United Kingdom and Asia. "In terms of the total potential market, the European Union is as big as the United States," said Johann Kerbrat, general manager of Robinhood's crypto department at the time. "This is definitely an interesting market for us."
It is worth noting that in October last year, Robinhood Crypto launched a cryptocurrency transfer service for European customers, enabling them to deposit and withdraw about two dozen tokens, which became "one of the most popular features in the region." For a limited time, Robinhood incentivized user growth by offering a reward of 1% of the value of crypto deposits. (The Block)