Robinhood Launches Zero-Fee Crypto Trading in UK via Bitstamp

Roger that! Robinhood has expanded its services to the UK market by launching zero-fee crypto trading via Bitstamp. This move allows users access to over 50 cryptocurrencies, including Bitcoin and Ethereum.

The app will offer a range of features, including stocks, ISAs, options, and futures trading. What's more, Robinhood has introduced 'Robinhood Cortex Digests for Crypto', a generative AI-powered tool that analyzes breaking news and market data to help users understand key factors driving price movements.

The launch comes as Robinhood secured crypto registration in the UK from the Financial Conduct Authority (FCA), enabling its UK business to operate legally. HOOD stock has surged nearly 8% after reporting Q2 earnings, with a $160 price target maintained by Bernstein implying about 85% further upside.