US-based trading disruptor Robinhood has announced its launch plans for the UK market.
The app will be rolled out in 2024 and users will be able to trade over 6,000 US listed stocks, the company announced on Thursday.
The company said it will offer users trading without foreign exchange fees and customers will be allowed to trade certain stocks outside normal hours. Robinhood added that it would offer other services such as access to market data to help customers analyse stock prices.
“Since we launched Robinhood a decade ago, it’s always been our vision to expand internationally,” said Vlad Tenev, chief executive and co-founder of Robinhood. “As a hub for innovation, global finance and top tech talent, the United Kingdom is an ideal place for us to launch our first international brokerage product.
“We look forward to continuing to engage with customers and policymakers as we expand our offerings in the UK.”
Earlier this year Robinhood said it would buy back stock from a holding company previously owned by disgraced FTX founder Sam Bankman-Fried.
In March, Robinhood announced its intention to buy British cryptocurrency firm Ziglu, but ultimately called off the acquisition.
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