Robinhood announced today (Tuesday) that its services are
now available in Spain. In an announcement on X, the US-based commission-free stock
trading and investing app welcomed Spanish users to access trading, staking, and
investment services under the Robinhood Crypto EU platform.
This announcement comes more than a year, since the company
unveiled a detailed plan about expanding its services in the European Union. The
plan also included rolling out services in the United Kingdom.
¡Hola España!
Robinhood crypto is now available for Spanish users to trade, stake, earn, and more. pic.twitter.com/K782rViHXa
— Robinhood Crypto EU (@RobinhoodCrypto) January 21, 2025
In the announcement, Vlad Tenev, the CEO and Co-Founder of
Robinhood Markets, said: “Looking ahead, we remain focused on providing
industry-leading products that serve far more of customers’ financial needs,
gaining market share, expanding internationally, and continuing to change the
industry for the better.”
Robinhood’s latest expansion comes amid the implementation
of the Markets in Crypto-Assets (MiCA) regulations in the region. The
regulations, which are intended to provide clarity in the digital asset space,
have also attracted other major industry players.
Last year, Robinhood announced plans to expand services into
the Asian market. According to the company, the plan entails setting up a regional
base in Singapore. The announcement followed its move to enter the United
Kingdom and Europe.
The company introduced crypto trading and regular brokerage
services in the UK earlier last year. But even as it rolls out an expansion
plan, the NASDAQ-listed firm recently faced a backlash at home.
Global Expansion amid Regulatory Challenges
This month, Robinhood agreed to pay $45 million in penalties
to settle a range of charges brought by the US Securities and Exchange
Commission. The regulator accused the firm of violating recordkeeping procedures, among other issues. Two Robinhood entities were penalized: Robinhood Securities will pay $33.5 million, and Robinhood
Financial will pay $11.5 million.
*SEC CHARGES ROBINHOOD WITH SECURITIES VIOLATIONS, BROKERAGE TO PAY $45 MILLION FINE$HOOD pic.twitter.com/xoRCZlJBmQ
— Investing.com (@Investingcom) January 14, 2025
According to the SEC, the firm did not investigate
suspicious transactions, implement policies and procedures to prevent
customers’ identity theft, address risks of cybersecurity threats, maintain
and preserve electronic communications, maintain copies of core operational
databases, and retain some of its communications with brokerage customers.
Robinhood announced today (Tuesday) that its services are
now available in Spain. In an announcement on X, the US-based commission-free stock
trading and investing app welcomed Spanish users to access trading, staking, and
investment services under the Robinhood Crypto EU platform.
This announcement comes more than a year, since the company
unveiled a detailed plan about expanding its services in the European Union. The
plan also included rolling out services in the United Kingdom.
¡Hola España!
Robinhood crypto is now available for Spanish users to trade, stake, earn, and more. pic.twitter.com/K782rViHXa
— Robinhood Crypto EU (@RobinhoodCrypto) January 21, 2025
In the announcement, Vlad Tenev, the CEO and Co-Founder of
Robinhood Markets, said: “Looking ahead, we remain focused on providing
industry-leading products that serve far more of customers’ financial needs,
gaining market share, expanding internationally, and continuing to change the
industry for the better.”
Robinhood’s latest expansion comes amid the implementation
of the Markets in Crypto-Assets (MiCA) regulations in the region. The
regulations, which are intended to provide clarity in the digital asset space,
have also attracted other major industry players.
Last year, Robinhood announced plans to expand services into
the Asian market. According to the company, the plan entails setting up a regional
base in Singapore. The announcement followed its move to enter the United
Kingdom and Europe.
The company introduced crypto trading and regular brokerage
services in the UK earlier last year. But even as it rolls out an expansion
plan, the NASDAQ-listed firm recently faced a backlash at home.
Global Expansion amid Regulatory Challenges
This month, Robinhood agreed to pay $45 million in penalties
to settle a range of charges brought by the US Securities and Exchange
Commission. The regulator accused the firm of violating recordkeeping procedures, among other issues. Two Robinhood entities were penalized: Robinhood Securities will pay $33.5 million, and Robinhood
Financial will pay $11.5 million.
*SEC CHARGES ROBINHOOD WITH SECURITIES VIOLATIONS, BROKERAGE TO PAY $45 MILLION FINE$HOOD pic.twitter.com/xoRCZlJBmQ
— Investing.com (@Investingcom) January 14, 2025
According to the SEC, the firm did not investigate
suspicious transactions, implement policies and procedures to prevent
customers’ identity theft, address risks of cybersecurity threats, maintain
and preserve electronic communications, maintain copies of core operational
databases, and retain some of its communications with brokerage customers.
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