Robinhood Crypto Expands into Europe with TON Trading

IconCryptoNewsTerminal Staff05 Jun, 2024

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Robinhood Crypto Expands into Europe with TON Trading

Robinhood Crypto, the cryptocurrency trading platform owned by popular investment app Robinhood, has announced that it has expanded its services to select European countries and added support for trading The Open Network (TON). In a recent blog post, Robinhood stated that TON is now available for trading in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. The addition of TON to Robinhood Crypto's offerings marks a significant expansion for the platform, which previously only supported trading in a limited number of cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Litecoin. TON is a blockchain platform designed to provide a fast, scalable, and decentralized network for various applications, including payments, decentralized finance (DeFi), and decentralized autonomous organizations (DAOs). It has gained popularity due to its high transaction throughput and low fees, making it a potential competitor to other popular blockchain platforms. Robinhood's expansion into Europe and the addition of TON trading demonstrate the growing interest in cryptocurrencies and the increasing competition in the cryptocurrency trading market. Robinhood is one of the largest and most well-known investment platforms in the US, and its expansion into Europe could further legitimize cryptocurrencies and make them more accessible to a wider audience.