Robinhood Wins UK Crypto Registration Ahead of Bigger Regulatory Push
Rubinhood has secured registration as a crypto-asset firm in the UK, joining over 50 other approved firms under the Financial Conduct Authority's (FCA) register. This registration allows Robinhood to offer certain cryptocurrency services in the UK under the existing anti-money laundering framework.
The approval comes before the UK's broader crypto authorization process begins, with applications opening at the end of September and closing at the end of February next year. The full regulatory framework is expected to take effect in October 2027.
Rubinhood's UK entity can now offer cryptocurrency services, including trading contracts linked to commodities, ETFs, and foreign exchange markets, with leverage up to 10 times and round-the-clock trading for eligible users.