- Robinhood now allows Dogecoin transfers, offering a 1% deposit bonus until Nov 30.
- Blockchain analysis revealed 164M DOGE, worth $25M, exited Robinhood post-SEC notice.
- Robinhood extends crypto services to European users, enhancing global accessibility.
Robinhood Crypto has officially expanded its cryptocurrency services by enabling Dogecoin (DOGE) transfer. This improvement allows the platform users to deposit and withdraw DOGE and a 1% deposit bonus, valid until November 30.
This move is within the context of Robinhood’s ongoing strategic plans to expand the number of crypto assets onboarded and the easy access to them for users after some turbulence due to regulatory issues.
Regulatory Recovery and Market Impact
The response to this development has been positive, with a noticeable uptick in DOGE transactions on the platform. Analysts observe that Robinhood is actively working to rebuild its reputation among crypto investors by re-enabling these transfers and offering deposit bonuses. This strategy may increase user engagement and strengthen Robinhood's position in the competitive crypto trading market.