Robinhood Enables Crypto Transfers In The EU

Popular retail investing platform Robinhood announced earlier today, October 1, that it will allow European customers to transfer cryptos to and from its app

European Robinhood users can now transfer cryptocurrencies to and from the app, the popular retail investing platform announced earlier today, October 1.

The integration comes as part of Robinhood's overseas expansion, which saw it enter the EU market last year. Now, its crypto trading service, known as Robinhood Crypto, will allow users in the region to deposit and withdraw over 20 different cryptocurrencies from its platform.

Among the supported coins are Bitcoin, Ethereum, USD Coin, Solana, Polygon, BNB, XRP, Litecoin, Dogecoin, Shiba Inu, Chainlink, Filecoin, Near, Stellar, Hedera, ApeCoin, Flow, Kava, Optimism, and Arbitrum.

Moreover, Europeans will also be able to self-custody their assets. In other words, rather than having to keep them in Robinhood's wallet and entrusting them to a third party, they will be able to take ownership of their coins and tokens and transfer them to a private wallet.

This capability was notably absent when Robinhood first brought Robinhood Crypto to the EU in December 2023. At the time, while it allowed users to buy and sell cryptocurrencies, they were unable to take them out of the platform.

Now, the firm is looking to expand the range of possibilities, and its general manager for Robinhood Crypto, Johann Kerbrat, recently stated that the EU has the potential to become a very attractive market for digital currencies next year, thanks to the crypto-friendly regulations in the EU.

“In terms of total addressable market, [the EU]is as big as the US. It’s definitely an interesting market for us,” he added.

As for 2024, it has been a very positive year for crypto so far, allowing many of them to see a major recovery from the price drops seen in 2022, and the relative neutrality encountered in 2023 due to the far-reaching consequences of the past several years. Primarily, this year has ensured that the meme coin market will thrive, birthing many revolutionary projects, such as Crypto All-Stars (STARS).

Join the Stars ICO Early and Buy at a Lower Price

What Is Crypto All-Stars About?

Crypto All-Stars is a new meme coin project, but unlike most meme coins, it has an impressive new utility that concerns the rest of the meme coin market as well.

The project invented a new type of smart contract that will allow users to stake multiple cryptocurrencies, instead of just its own native STARS token. Specifically, Crypto All-Stars intends to allow its users to stake other meme coins, supporting all the major ones.

By purchasing some STARS tokens, users will gain the ability to stake Dogecoin, Pepe, Floki, Milady, Brett, Turbo, and many more. As such, it will simplify the staking process by allowing those with large meme coin portfolios to stake their cryptos in one place, while at the same time, it will position itself as the center of meme coin staking.

All that users need to do to start staking their meme coins is buy some STARS, which is currently still in presale. The token costs only $0.0014769, and it can be bought with ETH, USDT, BNB, DOGE, PEPE, FLOKI, SHIB, or credit/debit cards. So far, its ICO raised over $1.9 million and it is rapidly approaching the $2 million mark.

Buy Stars and Start Staking All of Your Meme Coins

While the presale will stay active for some time longer, investors should still make their move quickly, as the STARS token experiences a slight price increase whenever the ICO moves into the next stage. The next increase will be in less than 2 days, so don’t wait too long to buy at a lower price.