VILNIUS, June 30 (Xinhua) -- U.S. financial services company Robinhood has selected Lithuania as the home of its first European cryptocurrency operations hub, the Baltic News Service (BNS) reported on Monday.

According to a statement from Investuok Lietuvoje, the country's national investment promotion agency, Robinhood has launched a dedicated cryptocurrency trading platform via its Lithuanian entity, Robinhood Europe.

In late May, Robinhood Europe received both a Category A financial brokerage license and a crypto asset services provider license from the Bank of Lithuania.

These regulatory approvals enable the company to operate legally under the upcoming European Union Markets in Crypto-Assets (MiCA) framework, making it one of the first to do so in Lithuania, according to BNS. Enditem