Robinhood has launched crypto trading in the UK with access to more than 50 digital assets.
Eligible customers can trade cryptocurrencies through the Robinhood app alongside stocks, options, futures and stocks and shares ISAs.
Trading is provided through Bitstamp UK, which is registered with the Financial Conduct Authority (FCA) as a cryptoasset service provider.
The service will begin rolling out this week and includes Bitcoin, Ethereum, XRP and Hyperliquid.
Robinhood will not charge trading, account maintenance or custody fees.
Customers will pay a 0.10% foreign exchange fee, rising to 0.30% for conversions completed between 5pm ET on Friday and 5pm ET on Sunday.
“A new wave of UK investors sees digital assets as an important part of a diversified portfolio.
With today’s launch, we’re taking another major step toward becoming the all-in-one investment platform for the UK.”
said Jordan Sinclair, President of Robinhood U.K. and GM of Bitstamp UK.
Robinhood is also introducing Cortex Digests for Crypto, a generative AI feature that analyses news, market data and technical indicators to explain factors affecting individual cryptocurrency prices.
The UK rollout also extends to Robinhood Chain, a Layer 2 blockchain built on Arbitrum that developers can use to build applications.
Since its global launch on 1 July, Robinhood Chain has generated more than US$18 billion in decentralised exchange trading volume and surpassed US$840 million in total value locked.
Featured image: Edited by Fintech News Switzerland, based on image by user23413193 via Magnific
