{"id":38041,"date":"2025-01-22T09:32:38","date_gmt":"2025-01-22T09:32:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=38041"},"modified":"2025-01-22T09:32:38","modified_gmt":"2025-01-22T09:32:38","slug":"robinhood-expands-to-spain-offering-crypto-trading-and-staking-under-mica-regulations","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=38041","title":{"rendered":"Robinhood Expands To Spain, Offering Crypto Trading And Staking Under MiCA Regulations"},"content":{"rendered":"

Robinhood Crypto\u00a0announced<\/a> its entry into Spain on 21 January 2025, enabling users <\/span>in the country<\/span> to access its trading, staking, and investing services.<\/span><\/p>\n

This marks the company\u2019s latest move to broaden its European presence, following the implementation of the EU\u2019s Markets in Crypto-Assets (MiCA) regulations at the end of December 2024.<\/span><\/p>\n

Robinhood\u2019s expansion aligns with its previously announced strategy to grow in Europe, the UK, and Asia. \u201cIn terms of <\/span>total<\/span> addressable market, [the EU] is as big as the US,\u201d Johann Kerbrat, general manager of Robinhood\u2019s crypto unit, noted last year.<\/span><\/p>\n

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Robinhood\u2019s European Entry In 2023 Launched With Limited Features<\/span><\/h2>\n

The US-based trading platform first entered Europe in late 2023 but initially offered limited features, such as restricted access to crypto withdrawals. <\/span><\/p>\n

By March 2024, Robinhood had rolled out brokerage services in the U.K.<\/span>, and in<\/span> October, it introduced crypto transfer capabilities for European users, enabling deposits and withdrawals for around two dozen tokens. <\/span><\/p>\n

This feature, <\/span>described as<\/span> one of the most requested in the region, was coupled with a limited-time offer of a 1% reward on the value of crypto deposits to attract new customers.<\/span><\/p>\n

As part of its European strategy, Robinhood has been localizing its app for specific countries, including Italy, Poland, and Lithuania, providing local language support and passive income opportunities through staking. <\/span><\/p>\n

\u201cOur customers in Europe have been clear\u2014they want an app that caters to their needs in their local language,\u201d Kerbrat previously stated.<\/span><\/p>\n

Buenos d\u00edas, Espa\u00f1a https:\/\/t.co\/iigoFlmfeN<\/a><\/p>\n

\u2014 Robinhood (@RobinhoodApp) January 21, 2025<\/a><\/p>\n\n

Robinhood\u2019s ambitions extend beyond Europe. In July, the company announced plans to introduce cryptocurrency futures in <\/span>both<\/span> the US and Europe after completing a $200 million acquisition of Bitstamp. <\/span><\/p>\n

Bitstamp, one of the oldest crypto exchanges, holds over 50 global licenses and registrations, including in the UK, Singapore, and the EU. The acquisition, expected to finalize in early 2025, will bolster Robinhood\u2019s ability to offer regulated services across multiple regions.<\/span><\/p>\n

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US-Based Exchanges Expand EU Operations<\/span><\/h2>\n

Robinhood\u2019s European expansion comes as other U.S.-based platforms, such as Coinbase and Kraken, make similar moves to capitalize on the harmonized regulatory framework provided by MiCA. <\/span><\/p>\n

Bernstein analysts suggest that Robinhood, often seen as a cautious platform in listing tokens and features, could benefit significantly from a more favorable regulatory environment under the pro-crypto Trump administration.<\/span><\/p>\n

Notably, Robinhood recently made headlines by listing the \u201cOfficial Trump\u201d memecoin, launched last Friday, highlighting <\/span>the platform\u2019s<\/span> willingness to diversify its offerings amid growing competition.<\/span><\/p>\n

Last week, Robinhood <\/span>agreed to pay a $45 million settlement<\/span><\/a> to the US Securities and Exchange Commission (SEC) following allegations of violating over ten securities law provisions.<\/span><\/p>\n

The\u00a0settlement affects Robinhood\u2019s broker-dealer subsidiaries, Robinhood Securities LLC and Robinhood Financial LLC. Per the statement, the SEC\u2019s investigation found that the Robinhood entities failed to comply with a range of regulatory requirements.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n

The post Robinhood Expands To Spain, Offering Crypto Trading And Staking Under MiCA Regulations<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Robinhood Crypto\u00a0announced its entry into Spain on 21 January 2025, enabling users in the country to access its trading, staking, and investing services. This marks the company\u2019s latest move to broaden its European presence, following the implementation of the EU\u2019s Markets in Crypto-Assets (MiCA) regulations at the end of December 2024. Robinhood\u2019s expansion aligns with […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38041","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38041"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38041"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38041\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}