Robinhood Eyes UK Expansion

Robinhood Markets Inc (Robinhood), the US-based retail trading app, has cooked up plans to launch operations in the United Kingdom, on the heels of US multi-asset investment platform for retail investors, Public​, and Webull Corporation​, the owner of the leading retail brokerage platform Webull Financial LLC.

Robinhood has been granted a license from the UK Financial Conduct Authority (FCA) in 2019, and initially planned to launch its services in the country in 2020. However, the company postponed its UK launch in July 2020, citing a lot changed in the world in the first half of 2020.

The US brokerage has posted job openings on LinkedIn for UK-based compliance and operations professionals.

"We're thrilled to be expanding this year as Robinhood is hiring world-class talent in the UK. Our team of Hoodies in the UK will enable Robinhood to continue creating great financial products on our journey towards democratizing finance for all," one job posting states.

Last month, Robinhood has taken a new step to diversify its business portfolio by acquiring the credit card startup X1 in a $95 million deal.