Robinhood Expands Crypto Trading to UK Customers
R Robinhood is expanding its services to UK customers by introducing commission-free cryptocurrency trading through its Bitstamp acquisition.
The platform now allows access to over 50 digital currencies and integrates seamlessly with stocks, shares ISAs, equity markets, options contracts, and futures trading.
In addition, the company has launched a new AI-driven feature called 'Cortex Digests for Crypto' that provides simplified explanations of cryptocurrency price fluctuations.
The rollout makes Robinhood Chain available to UK software developers, extending its cryptocurrency technology framework into British markets.
Shares of HOOD increased 0.77% to surpass $94 during Monday's premarket session, with Bernstein analysts reaffirming their $160 valuation target for the stock.