Robinhood Europe Excludes XRP & TON As It Enables 24 Crypto Transfers

Varinder Singh
October 1, 2024
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Robinhood Europe Enables Transfers For 24 Crypto, Excludes XRP & TON

Highlights

  • Robinhood Europe launches crypto trading for EU customers.
  • It excluded XRP, ZK, W, ARB, ATOM, DOT, EOS, FTM, JUP, NEAR, OP, TIA, and TON from the transfers service.
  • Robinhood Europe recently listed XRP on its platform.

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).

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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.”

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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.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.