Robinhood Moves Closer to UK Launch

The popular stock trading app has been granted approval to launch in the UK, their first new market after launching in the US; in the UK they will face competition from Freetrade as well as Revolut’s new offering; the company is known for their free stock trading offering and was founded in 2013; they monetize the platform by offering a subscription product which includes data and margin trading; Robinhood was raised $860 million to date and is expected to launch in the UK in the next 12 months. Source