Robinhood Cleared for UK Crypto, But There Are Major Limits
Robinhood Markets won UK crypto approval on July 31. The surprise is everything the approval does not allow.
The Financial Conduct Authority (FCA) added Robinhood U.K. Ltd to its crypto register. The company may pass customer orders to other firms. It cannot hold anyone's coins.
What the FCA actually approved
Robinhood has been an FCA-approved stockbroker in Britain since August 2019. Crypto is new ground. The regulator added it to the crypto register on July 31, 2026.
Two limits took effect the same day, with the first one mattering most:
- Robinhood UK may only arrange crypto trades.
In plain terms, it takes your order and hands it to someone else to finish.
UK crypto rules cover two other jobs. One is running an exchange. The other is holding coins for customers. Robinhood got neither.
- The second limit bans crypto cash machines unless the FCA agrees in writing.
The register also says the firm cannot hold client money. Even this much is hard to win. FCA figures show 291 firms applied between January 2020 and October 2022. Only 38 made the register. Another 155 gave up before a decision.
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