Robinhood launches to UK customers March 19, 2024 Robinhood, the trading and investing app made infamous by the Gamestop saga, has launched in the UK today, after two failed attempts. This is the first step outside the US for the firm, after it shot to global infamy in 2021 as the central player in the so-called meme stock frenzy. The brand tried to [...]
Does the UK really want Robinhood? December 4, 2023 Robinhood launched a push into the UK this week - but how warmly will it be received by British retail investors?
Third time’s the charm: Can Robinhood successfully make an international debut in the UK? November 30, 2023 Share trading app giant Robinhood has announced that it will launch in the UK early next year after two previous failed attempts to expand beyond the US.
Robinhood lays off almost a quarter of staff as crypto crash continues August 3, 2022 Trading platform Robinhood cut about 23 per cent of its staff as the crypto crash persisted and economic outlook dampened. The company, which enables crypto trading, had previously laid off 9 per cent of its staff to manage costs. The layoffs follow other crypto companies cutting staff as the “crypto winter” causes prices of major [...]
Robinhood Crypto fined £24.7m in New York for regulatory violations August 3, 2022 Robinhood Crypto was hit with a $30m (£24.7m) for violating anti-money laundering, cybersecurity, and consumer protection requirements. New York’s financial regulator the Department of Financial Services fined the trading platform’s crypto business on Tuesday for “significant failures” in money laundering obligations and cyber security and violating “critical consumer and reporting requirements.” Additionally, Robinhood Crypto must [...]
Trading app Robinhood settles class action lawsuit over 2020 outages May 28, 2022 Stock market trading app Robinhood has agreed to settle a proposed class action lawsuit, over claims outages on its app cased investors to lose money during a period of pandemic-related stock market volatility. The lawsuit comes after retail investors flocked to the app in the midst of the pandemic, in their efforts to battle hedge [...]
Robinhood unveils scheme allowing ‘friends and family’ to buy into IPOs at special price November 3, 2021 Trading platform Robinhood has announced it will allow companies issuing shares through its IPO Access system to set aside some stock for retail investors with connections to the issuer. The online brokerage’s IPO Access platform enables retail investors to buy shares at the listing price for companies that open up access to their shares to [...]
Revolut is taking on Robinhood with the launch of commission-free retail trading in US September 21, 2021 Revolut, the UK’s most valuable fintech, is targeting the booming retail trading market with the launch of commission-free stock trading for US customers. The $33bn fintech’s “Revolut Securities” arm has today been approved as a licensed broker-dealer in the the US, which will enable it to launch commission-free stock trading to its stateside customers in [...]
SEC double hit: Robinhood comes under scrutiny for key revenue stream and share sale filing September 1, 2021 Trading platform Robinhood has told investors that the US financial watchdog is reviewing a filing of a share sale by a group of its shareholders, a day after its share price sank on two other bouts of bad news. The U.S. Securities and Exchange Commission (SEC) review prevents any sales being made off the filing [...]
Robinhood acquires investor relations platform Say Technologies in $140m takeover deal August 10, 2021 Fresh from its IPO at the end of last month, Robinhood today announced to its new shareholders that it will acquire online retail investor relations platform Say Technologies in a $140m (£101m) all-cash deal. New York fintech startup Say provides a digital platfrom that aims to enable retail investors to interact with the companies where [...]