Robinhood Unleashes Zero-Fee Crypto Trading in the UK

Retail investors in the UK can now access over 50 cryptocurrencies through Robinhood's all-in-one app, which combines crypto trading with stocks and shares ISAs, equities, options, and futures.

The platform is launching zero-fee crypto trading in the UK this week, giving users access to popular assets like Bitcoin, Ethereum, and XRP. Robinhood has partnered with Bitstamp to facilitate transactions, but notes that crypto holdings through Bitstamp UK are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.

The platform is also introducing 'Cortex Digests for Crypto', a generative AI tool that provides plain-English explanations of price movements in individual assets. This feature is designed to give retail investors faster context without needing to hunt for information across multiple sources.

RH stock has gained nearly 8% since Robinhood reported its Q2 earnings, which beat Wall Street estimates. Bernstein maintained a $160 price target on HOOD, implying around 85% upside from current levels.