“In Europe, Robinhood has launched a dedicated cryptocurrency trading platform through its Lithuania-based entity, Robinhood Europe, marking a significant milestone in the company’s global growth strategy,” Investuok Lietuvoje (Invest Lithuania), the country’s foreign investment promotion agency, announced on Monday.

The agency added that, with a crypto asset services provider license, Robinhood Europe is authorized to provide crypto asset custody, administration, and transaction services in Lithuania and across the European Economic Area (EEA).

Elijus Civilis, General Manager at Invest Lithuania, emphasized the strategic significance of the move:
“Having such a recognized global brand choose Lithuania as its first European hub sends a strong signal about our country’s potential. Robinhood is a global player and one of the few publicly listed, retail-oriented trading platforms. Its presence in Lithuania is a major boost for the entire Lithuanian tech and fintech ecosystem.”

Minister of the Economy and Innovation Lukas Savickas added:
“Securing Lithuania’s first MiCA license demonstrates our regulatory framework’s readiness to innovate with new products in Europe that aren’t available elsewhere.”

Robinhood obtained both a Category A financial brokerage license and a crypto asset services provider license from the Bank of Lithuania in late May.

Founded in 2013, Robinhood is a leading financial services company headquartered in the United States and publicly traded on Nasdaq. The company operates a trading platform offering access to stocks, options, ETFs, and cryptocurrencies. Serving over 25 million customers worldwide, Robinhood has expanded its services beyond traditional brokerage to include cash management, retirement accounts, and crypto wallet services across multiple markets.

Source: BNS

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