Robinhood launches Options trading in the UK
Options are contracts between buyers and sellers whose value is derived from an underlying asset, such as a stock or an index.
Options are contracts between buyers and sellers whose value is derived from an underlying asset, such as a stock or an index.
Robinhood UK officially opened its (virtual) doors in Q1-2024, and during the year added margin investing.
Margin investing allows customers to borrow money from Robinhood, leveraging their existing holdings to purchase additional securities.
All UK accounts at Public.com will apparently be closed after April 2024.
Robinhood will grant access to its app on a rolling basis over the following weeks in the UK, reaching full availability in early 2024.
Robinhood plans to launch UK Brokerage operations and EU Crypto trading in the coming weeks.
Jordan Sinclair spent the past two years as Managing Director – Europe for UK based neobroker Freetrade.
Robinhood had planned to expand to the UK in 2019, but cancelled in mid 2020 at the outset of the COVID-19 pandemic.