Robinhood Expands Global Presence with Crypto Trading and Retirement Offerings in EU and UK
Robinhood announced the launch of Bitcoin and cryptocurrency trading in the European Union, causing a breakout in HOOD stock. The Robinhood Crypto app will offer customers the ability to trade over 25 digital tokens, including Bitcoin, ether, and ripple, at a low cost. Customers will also receive a percentage of their trading volume back every month, paid in Bitcoin. The surge in cryptocurrency prices has contributed to the rise in Robinhood's stock, which is up over 23% this week. The company plans to expand its stock trading services to the U.K. by early 2024.