Robinhood Launches Crypto Trading for UK Investors
Robinhood is launching crypto trading in the UK. The new service lets eligible UK customers trade digital assets through Bitstamp UK Ltd within the Robinhood app. Now, customers can access crypto with stocks and shares ISAs, equities, options and futures in one app.
Zero Trading Fees
Robinhood is introducing crypto trading with zero trading fees. Customers will also pay no account maintenance or custody fees. The company says the service offers a transparent and low-cost alternative to many existing UK platforms. It points to platforms that use less transparent pricing and wider spreads, which can reduce customer returns. The rollout will begin for eligible UK customers this week.
More Than 50 Cryptocurrencies
The service gives UK customers access to more than 50 cryptocurrencies through the Robinhood app.
These include:
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP
- Hyperliquid (HYPE)
Robinhood UK customers will still pay a 0.10% FX fee. A 0.30% weekend FX fee applies to conversions completed from Friday at 17:00 ET through Sunday at 17:00 ET.
What Executive Said
Jordan Sinclair, President of Robinhood U.K. Ltd and GM of Bitstamp UK Ltd, said the company sees advancing interest in digital assets in UK investors. He explained that many UK investors now view digital assets as part of a diversified portfolio. According to Sinclair, adding crypto trading is another step toward making Robinhood an all-in-one investment platform for UK customers.
AI-Powered Insights
Robinhood is also introducing Robinhood Cortex Digests for Crypto with the trading launch. The feature uses generative AI to analyse breaking news, market data, technical indicators and Robinhood's proprietary insights. It then explains the key factors behind price movements in individual crypto assets in plain English. The company designed the feature to give investors clear and timely market context. It can help customers better understand what is driving crypto prices and make calculated investment decisions.
Expanding Crypto Ecosystem
The launch also expands Robinhood's crypto ecosystem in the UK. UK developers can build on the Robinhood Chain. The Layer 2 blockchain is built on Arbitrum and connects natively to Robinhood's onchain ecosystem. Robinhood says the chain has generated more than $18 billion in DEX trading volume and surpassed $840 million in total value locked (TVL) since its global launch on July 1.
Education and Support
Robinhood provides educational resources to help customers understand crypto trading. The company keeps adding materials to Robinhood Learn and its Help Center. Customers can also access 24/7 support through in-app chat. Crypto trading is offered through Bitstamp UK Ltd. It is registered with the Financial Conduct Authority as a cryptoasset service provider. However, cryptocurrency held through Bitstamp UK Ltd is not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
About Robinhood
Robinhood has a commission-free trading model. It provides an intuitive mobile app. The platform supports trading in stocks, ETFs, options, and cryptocurrencies without any commission fees. It offers unlimited commission-free trades on stocks, ETFs, options, and cryptocurrencies. It also offers fractional shares to invest in high-priced stocks.
Wrapping Up
Robinhood's UK crypto launch brings more than 50 cryptocurrencies into its investment app. The company is combining crypto trading with zero trading fees, AI-powered market insights, educational resources and access to its crypto ecosystem.
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