Robinhood, the trading app which took the finance world by storm in the US, is now eyeing expansion to the UK. The app became extremely popular by making trading and investing with no fees accessible to millenials.
Robinhood is an innovative trading app that allows investors to open a savings account, purchase stocks, ETFs, and cryptocurrencies, with no fees, all from a smartphone.
UK regulators are already lining up to try and enforce stricter rules on Robinhood.
Robinhood received over a million new accounts when they launched crypto trading in 2018, and a majority of their business comes from Millenial and Gen Z investors.
A foothold in the UK would make Robinhood an investment powerhouse.
The UK like US markets is known for strict regulatory compliance, so it will be very interesting to see how much Robinhood will be allowed to get away with, and if they will be able to disrupt existing UK brokerages in the same way.
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