Robinhood Debuts New Features for European Customers

Robinhood Debuts New Features for European Customers

Robinhood Crypto has unveiled a range of new features aimed at enhancing the experience of its European customers, including staking, localized apps, crypto rewards, and updated educational modules. These updates are designed to improve accessibility, user experience, and cater to the specific needs of crypto traders in Europe.

Johann Kerbrat, VP and GM of Robinhood Crypto, expressed excitement about the new features, emphasizing the importance of providing local language support and passive income opportunities for European users. He highlighted Robinhood Crypto’s commitment to offering a tailored in-app experience that prioritizes education and meets the diverse needs of its customer base in Europe.

Robinhood Introduces Solana Staking

The introduction of crypto staking marks a significant milestone for Robinhood Crypto, as customers in Europe can now stake their Solana (SOL) holdings directly through the app, enabling them to earn rewards with the flexibility to unstake at any time. This feature enhances the potential for passive income generation and provides users with more opportunities to participate in the crypto ecosystem.

It is important to note that the company’s focus on growth remains unwavering despite receiving a Wells Notice from the US Securities and Exchange Commission (SEC) regarding its token listing.

10% Bonus on Net Buys

In addition to staking, Robinhood Crypto is offering new customers in Europe a 10% bonus on their net buys over the first 30 days on the platform, paid out in USDC. This initiative aims to attract new users and enhance their crypto investment journey by providing incentives for trading activity.

Localized Apps

To further improve the user experience, Robinhood Crypto will be launching localized versions of its app in Italy, Poland, and Lithuania, with plans to expand to other countries in the future. These localized experiences will be translated into native languages, providing users with more confidence and comfort as they navigate the app and make investment decisions.

Robinhood Crypto to Roll Out Learn & Earn

Robinhood Crypto is also rolling out Learn & Earn modules focused on AVAX, BTC, and USDC, designed to help customers expand their crypto knowledge while earning rewards. These educational modules will soon be available in multiple languages, including Italian, Polish, and Lithuanian, catering to a diverse user base across Europe.

Significant Growth Across Europe

Since its launch in December, Robinhood Crypto has seen significant traction in Europe, with Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and Dogecoin (DOGE) being among the most traded cryptocurrencies. Bitcoin remains the most held cryptocurrency on the platform, and countries like Poland, Italy, and Lithuania have shown high levels of app downloads.

The company also recently reported a significant surge in crypto trading volumes, reaching $36 billion, representing a staggering 224% increase in the quarter.