Robinhood, the fintech firm known for its trading app, has announced plans to launch its cryptocurrency trading services in the European Union and initiate brokerage operations in the UK following a mixed third-quarter financial performance.

Robinhood has announced plans to broaden its horizons. The trading platform, primarily recognized for its role in democratizing stock trading, is poised to take its crypto trading services beyond the U.S. to embrace the European market, with an imminent venture into the UK’s brokerage space.

This strategic move was unveiled in Robinhood’s third-quarter earnings report, which also noted the fintech firm’s intention to roll out its crypto trading arm in the European Union after establishing a foothold in the UK. At present, Robinhood’s crypto services are U.S.-centric, offering trades in popular cryptocurrencies such as Bitcoin, Ethereum and Dogecoin.

However, it’s worth noting that Robinhood took a conservative turn in June, dropping support for cryptocurrencies like Solana, Polygon and Cardano. This decision followed the SEC’s scrutiny of Coinbase and Binance, with allegations that some crypto assets were unregistered securities.

The expansion news trails behind Robinhood’s Q3 financial disclosure, which saw its

Go to Source to See Full Article
Author: Bralon Hill

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details