Robinhood Clears UK FCA Hurdle for Crypto Services Expansion

Robinhood has secured registration from the UK's Financial Conduct Authority (FCA) for its planned crypto services. The approval, which took effect on July 31, confirms compliance with current anti-money laundering rules.

The FCA register lists Robinhood UK Ltd as a registered cryptoasset business, allowing it to arrange customer trades through another provider. However, the registration excludes direct exchange operation and custody, meaning Robinhood cannot operate its own exchange or safeguard customer tokens under the listed permissions.

This development comes as Britain prepares to introduce a broader authorization framework for crypto companies on October 25, 2027. Existing registrations will not automatically become full permissions under the new framework, and affected companies must apply for authorization under the Financial Services and Markets Act.