Online trading platform Robinhood has announced its plans to launch its stock-exchange application in the United Kingdom as part of its ongoing efforts to expand internationally. The company’s co-founder and CEO, Vladimir Tenev, revealed in an interview with Bloomberg that Robinhood has already opened a waitlist for early access to the app. Tenev stated that the platform will gradually become available to everyone in the U.K. by early 2024. The goal is for Robinhood to become the leading platform for investing in U.S. stocks and dollars in the U.K. market. The launch will enable British traders to access 6,000 U.S. stocks, and Robinhood will also introduce its 24-hour trading feature in the U.K. This move reflects Robinhood’s ambition to become a global company, as Tenev emphasized in the interview. It is worth noting that this is not the first time Robinhood has attempted to enter the U.K. market. In 2019, the company received approval from the Financial Conduct Authority (FCA) to launch its trading app in the U.K., but later postponed the launch and froze its global expansion plans.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇬🇧 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Vladimir Tenev |
| Companies | Robinhood, Bloomberg, Financial Conduct Authority (FCA) |
| Currencies | British Pound, US Dollar |
| Securities | None |
