Robinhood EU Crypto Trading Is About To Elatedly Launch Over The Coming Weeks

Key Points:

• Robinhood is expanding its commission-free stock trading to the UK, offering over 6,000 US-listed stocks and other securities to British retail investors.
• Despite regulatory scrutiny, Robinhood plans to further expand, including offering crypto trading in the European Union.

According to Bloomberg, Robinhood EU crypto trading is set to launch in 2024 while expanding its commission-free stock trading to the UK, aiming to disrupt the market with lower fees and benefits like 5% interest on uninvested cash. 

Robinhood is expanding its commission-free stock trading to the UK, marking its international debut. The Silicon Valley-based firm is rolling out trading of over 6,000 US-listed stocks and other securities to British retail investors. While currently only available through a waitlist, the service aims to be fully accessible starting in 2024.

Robinhood’s CEO, Vlad Tenev, aims to disrupt the UK market by lowering fees and offering benefits such as 5% interest on uninvested cash, trading outside of market hours, and zero trading commissions or currency fees for users with as little as $1 to invest.

The company’s user-friendly app has gained popularity among first-time investors and helped drive established US brokerages to eliminate online trade commissions. However, Robinhood has faced regulatory scrutiny for allegedly encouraging customers to take on excessive risk.

Robinhood EU Crypto Trading Will Launch Over The Coming Weeks

Despite this, Robinhood plans to expand further, including offering crypto trading in the European Union. The company’s revenue model differs from that in the US, as payment for order flow is banned in the UK. Robinhood aims to generate revenue through other means and leverage its existing platform to minimize incremental costs in servicing new markets.

While Robinhood’s transaction-based revenues have declined in recent quarters, it continues to diversify its revenue streams through products like securities lending and its premium paid account, Robinhood Gold.

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