Investing app Robinhood has expanded its crypto trading offering to the European Union, though analysts note it is entering a crowded market. 

The platform supports 25 cryptocurrency assets. Customers receive a monthly bitcoin rebate, based on a percentage of their total trading volume, as announced by the company on Thursday.

Owen Lau, executive director at Oppenheimer & Co., called the EU “a competitive market” — noting existing players serving the region include Bybit, OKX, Kraken, Coinbase, eToro, Crypto.com and Binance.  

But after the collapse of crypto exchange FTX last year and Binance’s settlement with the US Department of Justice, some customers may look to move…

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