Following our recent report that US neobroker Robinhood (NASDAQ:HOOD) had received a UK crypto license, and was added to the UK FCA’s list of Registered and Formerly Registered Cryptoasset firms, it should come as no surprise to FNG readers that Robinhood has formally announced that it is now launching access to crypto trading in the UK. Robinhood customers can now trade digital assets directly through Bitstamp UK Ltd, registered with the FCA as a cryptoasset service provider, in the single Robinhood app alongside their stocks and shares ISA, equities, options and futures.
Zero trading fees
Robinhood said it is introducing crypto trading with zero trading fees, including no account maintenance or custody fees. The new product provides a transparent, low-cost alternative to many incumbent UK platforms, which often rely on opaque pricing structures and apply wide spreads that can erode customers’ returns. It will begin rolling out to eligible UK customers this week.
With this launch, Robinhood is enhancing its all-in-one platform for UK investors, giving customers access to more than 50 cryptocurrencies within the Robinhood app, including Bitcoin ($BTC), Ethereum ($ETH), XRP ($XRP) and Hyperliquid ($HYPE).
“A new wave of UK investors sees digital assets as an important part of a diversified portfolio,” said Jordan Sinclair, President of Robinhood U.K. Ltd and GM of Bitstamp UK Ltd. “With today’s launch, we’re taking another major step toward becoming the all-in-one investment platform for the UK.”
Robinhood Cortex Digests for Crypto
To complement the launch of crypto trading, Robinhood is introducing Robinhood Cortex Digests for Crypto. Powered by generative AI, Cortex Digests analyses breaking news, market data, technical indicators and Robinhood’s proprietary insights to explain – in plain English – the key factors driving price movements in individual crypto assets. It is designed to give investors greater confidence by providing timely, easy-to-understand market context that supports more informed investment decisions.
The launch of crypto trading also expands Robinhood’s growing crypto ecosystem for UK customers. UK developers can build on the Robinhood Chain. Built on the Arbitrum platform to institutional standards and natively connected to Robinhood’s onchain ecosystem, this Layer 2 blockchain provides a turnkey environment for developers. Since the global launch on 1 July, it has already generated more than $18bn in DEX trading volume and surpassed $840m in total value locked (TVL).
