Investment App Robinhood Wins License to Operate in UK

Robinhood, a stocks, ETFs and crypto investment app, has been given the green light to operate as a broker in the U.K. Investment App Robinhood Wins License to Operate in UK.

Allowing the firm to now launch its offerings in the U.K. market, the firm’s subsidiary, Robinhood International, has received a broker’s license from the country’s financial watchdog, the Financial Conduct Authority (FCA), the firm announced on Wednesday.

With the news, Robinhood also revealed that it’s appointed former TransferWise exec Wander Rutgers as president to lead its U.K. operations from a new London office.

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Investment App Robinhood Wins License to Operate in UK