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Robinhood brings crypto trading to main UK app through Bitstamp

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Robinhood (HOOD) has begun rolling out cryptocurrency trading to eligible customers in the UK, allowing users to buy and sell more than 50 digital assets directly within its main investing app through Bitstamp, the long-serving exchange it acquired for $200 million last year.

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Summary

The rollout, which starts this week, adds cryptocurrencies to its existing stocks and shares ISAs, equities, options, and futures products in a single application, according to a statement shared with The Block. Robinhood said the service will launch with zero trading fees, no account maintenance fees, and no custody fees. The offering includes assets such as BTC, ETH, XRP, and HYPE. "A new wave of UK investors sees digital assets as an important part of a diversified portfolio," Jordan Sinclair, President of Robinhood UK Ltd and GM of Bitstamp UK Ltd, said.

#United Kingdom #Bitcoin #Ethereum