Fintech Unicorn RobinHood launches cryptocurrency and stocks investing in UK.

RobinHood, a Silicon Valley fintech startup valued at $7.6 billion, has received approval from the Financial Conduct Authority (FCA) to expand into the UK market. The company’s mission to democratize finance by offering commission-free stock investing has made it incredibly popular among younger generations, and its expansion into cryptocurrencies last year helped accelerate this growth.

RobinHood launched in 2013 and has since grown to more than 6 million users in the United States. Those users will be able to trade a growing list of existing stock options, along with Bitcoin, Ethereum, Litecoin, BCH, Dogecoin, and Ethereum Classic, as well as a total of 11 additional digital assets not currently listed for trading. You can view market data about:

New London-based subsidiary Robinhood International LLC has appointed former TransferWise executive Wander Rutgers as president. Rutgers will oversee UK operations and the new team currently being formed, and he said in his statement on the news:

“Today marks the beginning of a new chapter for Robinhood. “We are excited to take this important first step towards offering our investment platform to UK clients.” “I am very excited to be part of Robinhood. “We will advance into new overseas markets.”

RobinHood joins a growing list of mobile brokerages, including FreeTrade, Revolut, Bux and eToro, with plans to further transform traditional banking and wealth management services in the future.