Search
  • Inna Ri

Robinhood scraps launch of its investing app in the UK



By Ryan Browne


KEY POINTS

Robinhood has told U.K. customers that it will refocus its efforts on strengthening core business in the U.S.

The company opened a U.K. waitlist in November after obtaining broker authorization from regulators.



Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely.


The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that it had put the brakes on its global expansion ambitions to focus primarily on its home market.


“A lot has changed in the world over the past few months, and we’ve made the difficult decision to postpone our U.K. launch indefinitely,” a Robinhood spokesperson said in a statement. “As a company, we are refocusing our efforts on strengthening our core business in the U.S.”


“Although our global expansion plans are on hold for now, we’re committed to democratising finance for more people around the world. We look forward to the day when we can bring this mission to the U.K.”


The company opened a waitlist to British customers in November after obtaining broker authorization from the Financial Conduct Authority last summer. A U.K. expansion would have put Robinhood head-to-head with incumbent online brokers like Hargreaves Lansdown as well as rival fintech start-ups like Revolut and Freetrade.



CNBC

World Forex Award

PDF guide: https://bit.ly/wfaguide20

WFA materials and security issues: http://bit.ly/wfaguide

FAQ: https://www.worldforexaward.com/

About WFA: https://www.worldforexaward.com/


0 views
Forex Award | World Forex Award |  The Best Forex Broker

World's Prestigious

Forex Award !

Contact Us
Our Address:

World Expo Solutions LLC

Greater London,

207 Regent Street

Company Number 12065454

Phone:

+448000418941

  • Forex Award | World Forex Award | Best Forex Broker
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award
  • Forex Award | Forex Brokers Award

Cookies 

Cookies are small text files that a web site transfers to a site visitor’s hard disk or browser for added functionality, or for tracking web site usage. We do not use cookies to gather personal information such as a person’s name or e-mail address. In order to measure the effectiveness of our on-line presence, The European Business Award website may use cookies to identify repeat visitors to our site and to determine the path visitors take on our site. Any information gathered by the use of cookies is compiled on an aggregate, anonymous basis.

Use of cookies is an industry standard and many web sites use them. If you do not wish to receive cookies, or want to be notified of when they are placed, you can set your web browser to do so, if your browser so permits.

* Partner companies are those Sponsors and organisations who support the World Forex Award  and also follow in the aims and principles of the Awards - towards creating a more successful European economy.

© 2015-2020 World Forex Award NPO