Robinhood Crypto Expands Staking Features in Europe

Robinhood Crypto, a subsidiary of the US neobroker Robinhood (NASDAQ: HOOD), has launched a slew of new capabilities for its European consumers. The most recent changes include the debut of staking, localized applications, crypto awards for new clients, and enhanced Learn & Earn modules. These upgrades are intended to increase accessibility, the user experience, and Robinhood's commitment to servicing crypto traders in Europe.

Robinhood, which switched its emphasis to cryptocurrency trading in the EU late last year, is making tremendous progress in satisfying the demands of its European customers. Johann Kerbrat, Robinhood Crypto's VP and GM, stressed the significance of these upgrades. “Since launching at the end of last year, our customers in Europe have told us loud and clear that they want an app that provides local language support and products that help them earn additional passive income,” said Kerbrat.

Robinhood Crypto is known for its low-cost trading and user-friendly design that focuses on education. The new capabilities represent a significant step forward in their quest to create a more customized in-app experience, responding to the particular requirements of European consumers and assisting them with their financial journey.

Starting today, European users may use Robinhood Crypto's first-ever staking service. This feature enables users to stake their Solana (SOL) holdings directly via the app, receiving incentives and the ability to unstake at any moment. This project attempts to attract new users and improve their crypto-investing experiences.

In addition, new clients may get a 10% bonus on their net purchases throughout their first 30 days on the site, which is paid out in USDC. This offer is part of Robinhood's goal of attracting new customers and improving their experience with cryptocurrency trading.

Robinhood will soon provide local language versions of the Robinhood Crypto app to better serve its European consumers. The rollout will begin in Italy, Poland, and Lithuania, offering customers a more comfortable and confident trading experience as they study assets and make trades in their local languages.

Robinhood Crypto has also launched a set of Learn & Earn courses focusing on AVAX, BTC, and USDC. These lessons are intended to assist users learn different cryptocurrencies while also earning incentives. The instructional material will soon be offered in other languages, including Italian, Polish, and Lithuanian.

Robinhood Crypto has received a lot of attention from European users since it launched in December. Here are some key insights:

• Bitcoin (BTC), Dogecoin (DOGE), Solana (SOL), and Ethereum (ETH) had the greatest overall transaction volume in Europe.

• Bitcoin (BTC) is still the most commonly owned cryptocurrency on Robinhood Crypto in Europe.

• Poland, Italy, and Lithuania are among the top nations for Robinhood Crypto app downloads.

• Users respect the Learn & Earn program, and there is a huge demand for instructional material that rewards learning.

• In Europe, over one-third of Robinhood Crypto customers are new to the cryptocurrency market.

• When it comes to trading cryptocurrency, European buyers prioritize ease of use above other factors.

Robinhood Crypto's ongoing attempts to improve the in-app experience guarantee that it offers the features and functionality that clients need. As the firm increases its products, it stays dedicated to assisting its European customers on their cryptocurrency trading adventures.