Robinhood Europe Enables Transfers For 24 Crypto, Excludes XRP & TON

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Robinhood Europe Enables Transfers For 24 Crypto, Excludes XRP & TON – Crypto News

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7 months ago

October 1, 2024

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Robinhood Crypto on Tuesday said it has launched crypto transfers in Europe, enabling users to deposit and withdraw more than 20 cryptocurrencies and also earn a 1% yield on deposits. However, it has excluded a few tokens including Ripple’s XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Near 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 customers in Europe. It will enable customers to deposit and withdraw more than 20 cryptocurrencies, including 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 entering DeFi simpler and more accessible for our customers,” said Johann Kerbrat, VP and GM of Robinhood Crypto.

The platform is also offering customers to earn 1% from all their crypto deposits. It will be paid out in the same cryptocurrency customers deposit, along with a cap. The platform added that deposits and withdrawals support will give users more control over their crypto holdings. It will help ensure that “they have the same safe, low-cost, and reliable experience they expect from Robinhood.”

XRP, TON, FTM, JUP, TIA Among 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), Near Protocol (NEAR), Optimism (OP), Celestia (TIA), Toncoin (TON).

With the legal disputes between Ripple Labs and the U.S. SEC now almost over, Robinhood Europe listed XRP on its platform for EU users in September. However, the exclusion of these tokens from crypto transfers was seen as a major surprise in the crypto community.

The community still awaits XRP listing in the United States. Nevertheless, the platform’s recent listing of Uniswap, Stellar, and Tezos for New York residents has fueled speculation of XRP listing next.