Robinhood International has received a broker license from the Financial Supervision Authority of Great Britain (FCA).
We're excited to share that Robinhood International, Ltd. has been authorized by the Financial Conduct Authority to operate as a broker in the United Kingdom. This means we're one step closer to democratizing finance for all.
Stay tuned for launch. ?? https://t.co/xq35uEPxR2 pic.twitter.com/ZJkyJcsEnQ
– Robinhood (@RobinhoodApp) August 8, 2019
So, this will allow the company to launch a mobile application for trading stocks and cryptocurrencies in the UK, and Vander Rutgers, the former top manager of the online transfer service TransferWise, will head the new direction. At TransferWise, he was responsible for product development and entering new markets.
It is noteworthy that TransferWise is part of the portfolio of Valar Ventures venture company, which recently invested for the first time in the cryptocurrency industry – BlockFi, leading the Series A financing round.
Recall in July, the parent company Robinhood Markets Inc. closed the round of financing Series E by $ 323 million, and its capitalization grew to $ 7.6 billion.
Robinhood also has permission to work with virtual currencies in the state of New York (BitLicense).
Previously, the FCA presented the final version of the cryptocurrency asset guide, identifying which of them fall under its jurisdiction.
In the UK, the final version of kriptovalyutnym asset management https://t.co/9TUV17PPXA # UK # cryptocurrency # tokens pic.twitter.com/ow9qzZnDeR
– BlockchainJournal (@BlockchainJournal) July 31, 2019
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