TLDR Tech / Crypto
Robinhood brings crypto trading to main UK app through Bitstamp
Robinhood is expanding its services to UK users this week, integrating crypto trading for over 50 digital assets like BTC, ETH, XRP, and HYPE directly into its main app via Bitstamp UK. This adds to their existing offerings of stocks, ISAs, options, and futures. The platform will feature zero trading, custody, or maintenance fees, though a 0.1%-0.3% FX fee will apply to GBP conversions. Notably, crypto holdings will not be covered by UK compensation schemes. The launch also includes AI-powered digests to provide context for crypto prices. This development follows Robinhood's Q2 results, where prediction markets generated $156 million in revenue, exceeding crypto trading revenue ($100 million, down 38% year-over-year) for the first time. Additionally, Robinhood Chain has facilitated $18 billion in DEX volume since its launch on July 1.
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