Robinhood Relaunches UK Stock Trading, Its First International Expansion
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Robinhood is launching its stock trading platform in the UK, its first international expansion after over 10 years of being US-only.
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Robinhood had attempted to expand to the UK before in 2019-2020 but halted plans due to issues scaling the business and controversies in its US operations.
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Robinhood faces competition in the UK from other investment apps like Freetrade and Lightyear but believes there is still a big market opportunity.
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The platform will allow commission-free trading of US stocks during UK trading hours. Other products like crypto may follow.
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Robinhood hopes lessons learned from past issues in the US, along with a more mature platform now, will lead to smoother international growth.