Robinhood has officially introduced Bitcoin and crypto transfer capabilities for its European customers, marking a significant expansion in the platform's services. The company announced on Tuesday that users across the European Union can now deposit and withdraw over 20 cryptocurrencies, including Bitcoin (BTC). This feature allows users to move their assets in and out of the platform, giving them the option to self-custody their digital holdings.

Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, highlighted the company’s commitment to simplifying crypto access. “With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” Kerbrat said. The expansion comes just months after Robinhood launched its crypto trading services in the EU, and as the region prepares for the implementation of the Markets in Crypto Assets (MiCA) regulatory framework, which sets comprehensive rules for the crypto industry.

Robinhood’s European push coincides with increasing regulatory scrutiny faced by U.S.-based crypto exchanges. Unlike in the U.S., where regulators such as the Securities and Exchange Commission (SEC) are cracking down on crypto firms for dealing in unregistered securities, Europe is seen as a more favorable market for digital assets due to its crypto-friendly policies.

This expansion comes as part of Robinhood’s broader global strategy. Earlier this year, the company announced its acquisition of Luxembourg-based Bitstamp, a crypto platform, as part of its effort to diversify and enhance its international footprint. The $200 million deal is expected to close in the first half of 2025 and will help Robinhood extend its reach into new markets while supporting more institutional investors through Bitstamp’s crypto services.

While Robinhood’s crypto services are now available in the EU, the company has yet to launch them in the U.K., where it currently offers stock trading services.

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