Robinhood (HOOD) Extends Trading Services To The UK

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	19,321,236,347	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

19,321,236,347

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00111	0.83%	0.13532	0.13527	0.1353

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00111

0.83%

0.13532

0.13527

0.1353

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.13591	0.13288	0.13383	0.13421	0.055786 - 0.228990

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.13591

0.13288

0.13383

0.13421

0.055786 - 0.228990

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:11:25	25.70	0.13527	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:11:25

25.70

0.13527

USD

Price x Volume	Volume	Base Symbol	Related Pairs
10,306,161.12	76,782,849.48	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

10,306,161.12

76,782,849.48

Robinhood (HOOD) Extends Trading Services To The UK

30/11/2023 3:00pm

NEWSBTC

Robinhood, a major player in the United States financial technology industry is set to stretch out its trading services in the United Kingdom for the purpose of growing its business globally. Robinhood To Offer US Stock Trading In the UK Co-founder and Chief Executive Officer (CEO) of Robinhood Vladimir Tenev confirmed the expansion toward the UK sector in an interview with Bloomberg. According to the CEO, the expansion aims to bring the US stocks into the UK market. The CEO stated: The intention is, for the U.K. market, Robinhood to be the best place to invest U.S. stocks, U.S. dollars, and we believe we can fill that need better than anyone else. Tenev noted that the company plans to gradually extend its platform to all users in the United Kingdom in early 2024. With the launch, consumers in the UK market will be able to trade 6,000 equities in the US market. Related Reading: Dogecoin And Bitcoin Become Latest Additions To Robinhood Wallet The CEO further asserted that a waitlist has been made available to people who wish to gain early assess to the app. Furthermore, the platform’s launch in the UK is under the Financial Conduct Authority (FCA) regulation. Additionally, the platform offers users features like a five percent interest, and can change their uninvested funds from pounds to dollars. These offers aim to attract a larger range of investors, particularly those with little financial resources. Robinhood’s expansion sparks wider growth for its business globally. The CEO explained, “I aspire for Robinhood to be a global company. That’s been the plan from the very beginning. Baiju and I started this company as immigrants and children of immigrants, and so, the idea of making our services […] available to anyone in the world is just the vision that I had in mind from the very beginning.” The company’s entry into the UK market also puts it in direct competition with national and international companies. These include companies like Public.com, based in New York, Revolut, and Freetrade, among others. Zero – Fee Trading Initiative The CEO also underscored the platform’s commitment to offering Zero-Fee trading and accessible trading alternatives for UK users. This initiative is similar to the effective charge reduction strategy that was put in place in the US before the epidemic. Related Reading: Robinhood Wallet Introduces Swapping For Bitcoin, Dogecoin, And Ethereum Notably, Robinhood does not demand any commission fee for buying and selling stocks on the platform. Due to this, individuals can start creating their investment portfolios with a minimum of one US dollar (79p). Tenev explained: So we are launching imminently to the initial set of customers in the UK, and what we are launching is a commission-free share trading of US stocks. With its zero-fee trading strategy, the platform’s introduction into the UK market will completely change how average investors interact with the stock market. Also, with its focus on technology and user-centric features, the platform is poised to impact the current market. It will also bring fresh energy to the UK investment landscape. Featured image by Shutterstock, chart by Tradingview.com

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