Robinhood launches UK crypto trading with 50+ assets via Bitstamp, zero commissions, and an AI research tool. HOOD shares rose 0.77% premarket. Bernstein has a $160 target.
Robinhood is launching cryptocurrency trading for UK customers this week, offering access to more than 50 digital assets through Bitstamp, the exchange platform it bought in 2025. The move puts the Menlo Park company in direct competition with established UK brokers by bundling crypto with stocks, ISAs, options, and futures on a single app.
HOOD shares rose 0.77% in Monday premarket trading to sit just above $94. The stock closed Friday at $93.29, up 2.84% on the session. Shares have gained roughly 8% since Robinhood's second-quarter earnings beat analyst estimates, a quarter that produced $100 million in crypto transaction revenue.
The UK platform charges no trading commissions, no account maintenance fees, and no custody charges. A 0.1% foreign exchange fee applies to standard trades, rising to 0.3% for weekend currency conversions.
Jordan Sinclair, president of Robinhood UK, said the company is "taking another major step toward becoming the all-in-one investment platform for the UK."
There is one catch. Crypto positions held through Bitstamp UK do not fall under the Financial Services Compensation Scheme or the Financial Ombudsman Service. The UK expansion operates under Robinhood's Financial Conduct Authority crypto registration, which covers UK anti-money laundering rules.
Alongside the trading launch, Robinhood introduced "Cortex Digests for Crypto," an AI tool built into the app that aggregates real-time news, market data, chart patterns, and proprietary research. The feature is meant to explain what is moving a given asset's price without forcing users across multiple screens.
Robinhood also made its layer-2 network, Robinhood Chain, available to UK blockchain developers. The network runs on Arbitrum's framework. Initial crypto offerings include Bitcoin, Ethereum, XRP, and Hyperliquid, with more than 50 assets in total.
"Our new product provides a transparent, low-cost alternative to many incumbent UK platforms, which often rely on opaque pricing structures and apply wide spreads that can erode customers' returns," Robinhood said.
Bernstein analysts reiterated a $160 price target on HOOD shares, pointing to Robinhood Chain, asset tokenization, the Bitstamp integration, and Robinhood Earn as growth drivers. The UK crypto service opens to qualified customers this week.
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