Robinhood (HOOD) Stock: Rises as UK Customers Gain Access to Over 50 Cryptocurrencies
TLDR
- Robinhood stock rises 1.26% pre-market as UK crypto trading begins this week.
- UK customers can now trade over 50 cryptocurrencies through Bitstamp’s platform.
- Bitcoin, Ethereum, XRP and HYPE are among assets available inside Robinhood’s app.
- Robinhood charges no trading or custody fees, but applies foreign exchange costs.
- Crypto expansion follows FCA registration and wider growth across Robinhood products.
Robinhood (HOOD) stock rose in Monday pre-market trading as the company expanded cryptocurrency services in the United Kingdom. HOOD traded at $94.47, gaining 1.26% after closing Friday 2.84% higher at $93.29. The move followed Robinhood’s launch of crypto trading for eligible UK customers through Bitstamp.
Robinhood Adds Bitcoin and Ethereum Trading in UK
Robinhood now gives eligible UK users access to more than 50 cryptocurrencies inside its main investing app. The service includes Bitcoin and Ethereum alongside equities, options, futures, and stocks and shares ISAs. Bitstamp UK Ltd handles the cryptocurrency transactions under its existing UK registration.
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