On Thursday, the online brokerage giant Robinhood announced the launch of a cryptocurrency trading feature in the European Union, extending its reach beyond the United States to tap into growth opportunities in international markets.

Robinhood’s new crypto product enables customers in the European Union to buy, sell, and hold over 25 tokens, including popular ones like bitcoin, ether, ripple, cardano, solana, and polkadot.

The company aims to expand its offering to include more tokens and introduce features such as the ability to transfer and “stake” crypto to earn rewards by 2024, CNBC reported.

This move represents Robinhood’s second significant expansion beyond the U.S., following its recent announcement that it intends to introduce stock trades for U.K. customers in early 2024.

Last week, the company initiated a waitlist in the U.K. for this service, which promises yields of up to 5% on customer deposits.

Written by B.C. Begley

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