Robinhood Secures UK Crypto Registration Ahead of 2027 Rules

Robinhood’s UK subsidiary joined the Financial Conduct Authority’s crypto asset register on July 31. The registration confirms the company follows current anti-money laundering rules and lets it offer certain crypto services under the existing system.

Britain set up FCA registration for crypto firms in 2020. The rules target money laundering and terrorist financing. More than 50 firms already sit on that register, including Ripple, Kraken, BlackRock and BNY.

This registration is not the final step. The UK plans to roll out a new crypto framework in October 2027. Once that framework starts, firms doing regulated crypto work will need fresh FCA authorization. The current registration does not carry over.

Applications for the new regime open on September 30, 2026. The window closes on February 28, 2027. Firms that apply during that window can use a savings provision. It lets them keep operating if the FCA has not finished reviewing them by October 2027. Applications sent after the deadline will not get faster reviews. Firms that miss the window and remain unapproved will face limits and cannot sign new contracts once the framework begins.

Robinhood has not shared a launch date for its UK crypto services. The company also has not said which coins or services it plans to offer there.

While Robinhood works through UK rules, its Layer 2 network keeps growing. Total value locked on Robinhood Chain climbed to $733 million. Morpho leads with $308 million. Ethena follows at $214 million. Maple Finance holds close to $69 million. Uniswap added another $58 million to the network. These protocols bring liquidity from established Ethereum applications rather than short-term speculation.

Data from DefiLlama shows the ecosystem holding $391 million in value locked, along with $1.08 billion in bridged assets. Stablecoin supply on the network sits at $534 million. The network also generates about $48,000 in daily fees. Apps built on Robinhood Chain collected $1.29 million in fees and roughly $199,000 in revenue.

Robinhood’s crypto business had a mixed quarter overall. Transaction revenue from crypto fell 38% year over year to $100 million. Total transaction-based revenue still grew 44% to $776 million for the quarter. The company pointed to other product launches during that stretch.

Robinhood rolled out Robinhood Chain and Stock Tokens in the second quarter. It also launched Robinhood Earn. Stock Tokens are now live for eligible wallet users in more than 120 countries. The company also finished its purchase of Canadian platform WonderFi. That deal brought Bitbuy and Coinsquare into Robinhood’s operations.

Robinhood widened its prediction market offerings too, adding Kalshi, ForecastEx, and Rothera. Rothera runs through a joint venture with Susquehanna International Group.

The UK registration gives Robinhood more time to build out infrastructure ahead of the 2027 deadline. The application window for the new framework opens on September 30, 2026.