A division of Robinhood International, the company behind Robinhood's trading app, has just received a broker license from the Financial Conduct Authority (FCA), the company has announced.
Thanks to this license, Robinhood will be able to offer UK users its popular trading app, which allows zero-fee trading of bitcoin and ethereum. The company's division in the UK will be headed by Vander Rutgers, former executive of the online money transfer service TransferWise.
Last month it was known that the company had attracted around $323M on its Series E funding round, driving its valuation to $7.6B.
In January last year Ihodl reported that the New York Financial Services Authority (NYDFS) had granted both Robindhood and bitcoin ATM operator LibertyX a license to work with virtual currencies.
Robinhood started offering free trading of bitcoin and ethereum back in February 2018.
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