Robinhood UK users can trade 50+ crypto assets via Bitstamp. HOOD stock rose 1.3% pre-market. The launch follows an FCA registry approval on July 31.
Alpha Score of 48 reflects weak overall profile with weak momentum, poor value, strong quality, strong sentiment.
Shares of Robinhood Markets (HOOD) edged higher in pre-market trading Monday after the brokerage made cryptocurrency trading available to users in Britain.
The stock rose to $94.47, up 1.26% from Friday's close of $93.29. That session had already gained 2.84%.
Eligible British users can now trade more than 50 digital assets inside Robinhood's main investing app, alongside equities, options, futures, and tax-advantaged ISA accounts. All crypto trades run through Bitstamp UK Ltd under that firm's existing FCA registration, a person familiar with the arrangement said.
Robinhood keeps its zero-commission model for the new offering. There are no trading fees, custody charges, or account maintenance costs. Users pay a 0.1% foreign exchange fee on standard currency conversions; weekend trades carry a 0.3% FX charge.
The service follows Robinhood UK's addition to the Financial Conduct Authority's cryptoasset registry on July 31. That step allows the firm to offer designated digital asset services while meeting anti-money laundering requirements. Full authorization under Britain's eventual cryptocurrency-specific rules still needs to come, the FCA said.
The UK lineup includes bitcoin, ether, XRP, and HYPE. Robinhood uses Bitstamp's infrastructure after buying the exchange for $200 million last year.
Alongside the UK launch, Robinhood rolled out Cortex Digests for Crypto. The tool pulls in market data, chart levels, news, and proprietary signals to explain why a token's price moved, the company said.
Robinhood Chain, built on Arbitrum and live since July 1, has processed more than $18 billion in decentralized exchange volume and accumulated over $840 million in total value locked, according to its analytics dashboard.
The UK expansion comes after Robinhood's most recent quarter showed softer crypto revenue. Digital asset transaction income fell 38% from a year earlier to $100 million. In a first for the company, prediction-market revenue of $156 million surpassed crypto transaction income in the period.
Overall net revenue rose 32% year-over-year to $1.31 billion. Net profit jumped 48% to $573 million. The company also closed its purchase of Canadian platform WonderFi during the quarter.
Robinhood separately filed for its second publicly traded venture fund. Robinhood Ventures Fund II targets up to $200 million and is scheduled to start trading August 13.
The stock carries an Alpha Score of 36 out of 100 from AlphaScala, reflecting mixed signals across valuation and growth metrics.
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