Robinhood Launches Cryptocurrency Trading Services for UK Investors

BlockBeats News, August 10, according to an official announcement, Robinhood has begun rolling out cryptocurrency trading services to eligible customers in the UK. Users can directly buy and sell over 50 digital assets within its main investment app via Bitstamp, the established trading platform it acquired last year for $200 million. This rollout, starting this week, integrates cryptocurrency into its existing offerings of stocks, Stock ISAs, equities, options, and futures products, all within a single app. Robinhood stated that the service will waive trading fees, account maintenance fees, and custody fees upon launch. However, UK customers will need to pay a 0.1% foreign exchange conversion fee, which increases to 0.3% for certain weekend conversions.