A subsidiary of the American project Robinhood, which introduced its own crypto trading application, has received permission to act as a broker in the United Kingdom.
Robinhood International, a subsidiary of Robinhood, has received approval from the UK regulator FCA (Financial Conduct Authority). A permit from FCA will allow the company to open access for British users to a popular investment platform that was previously only available to US residents. According to reports from the company, the Robinhood team in London is actively growing, the company continues to search for employees.
It is known that Vander Rutgers, who previously served as executive director at TransferWise, was appointed president of Robinhood International. Prior to Robinhood Interntional, Rutgers was also involved in the development of the Plum product.
In 2018, representatives of Robinhood opened to users of the mobile application access to the non-commissioned trading of Bitcoin and Ethereum. Earlier this year, Robinhood received a BitLicense from New York-based regulator NYDFS. Over the past year, the company has expanded not only the range of proposed digital assets, but also the user base. Due to the fact that Robinhood does not charge users for operations, the company is worthy of competition with the Coinbase crypto exchange, the leading US trading platform in the world. The number of Robinhood users is over 3 million, and Coinbase has more than 13 million.
