This week, Robinhood (HOOD) provided eligible UK clients with the ability to buy and sell over 50 cryptocurrencies within its main investment app.
Trading operations are conducted through Bitstamp, an exchange the company acquired last year for $200 million. UK retail investors can already access stocks, Individual Savings Accounts (ISAs), options, and futures on this platform.
No Trading Fees, But Currency Conversion Fee Still Applies
Robinhood's offering has no trading commissions, account maintenance fees, or custody fees. However, users are charged a currency conversion fee.
UK users pay a foreign exchange fee of 0.1%, which rises to 0.3% on some weekends. The listed cryptocurrencies include Bitcoin (BTC), Ether (ETH), XRP, and Hyperliquid (HYPE).
Jordan Sinclair, President of Robinhood UK Ltd and CEO of Bitstamp UK Ltd, stated: 'A new wave of British investors sees digital assets as an important part of a diversified portfolio.'
He added that the launch is 'another important step towards creating a one-stop investment platform for the UK.'
Bitstamp UK is registered with the Financial Conduct Authority (FCA) as a cryptoasset service provider. Cryptocurrency held with Bitstamp UK is not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service, so usual consumer protections will not be available.
Robinhood's UK entity was added to the Financial Conduct Authority's (FCA) cryptoasset company register on July 31, confirming its compliance with the regulator's anti-money laundering rules. Other US firms on the list include Ripple, BlackRock, and Revolut. According to earlier reports by Cryptopolitan,
Crypto Revenues Decline Amidst Growth in Prediction Markets
Robinhood is also launching Cortex Digests for crypto in the UK. This generative AI-powered tool analyzes the latest news, market data, and technical indicators to explain what's influencing an asset's price.
Robinhood Chain launched on the mainnet on July 1 after testing that began in February. It is a permissionless Layer 2 solution built on Arbitrum.
Robinhood states that the network has since processed over $18 billion in decentralized exchange (DEX) volume and surpassed $840 million in total value locked.
CEO Vlad Tenev said it is the fastest-growing Ethereum Virtual Machine-compatible chain to reach 100 million transactions.
In results published on July 29, Robinhood reported its cryptocurrency transaction revenue for Q2 was $100 million, down 38% from a year earlier. Over the same period, prediction markets brought in $156 million, surpassing crypto for the first time.
Total net revenue rose 32% year-on-year to $1.31 billion. Net income of $573 million increased by 48% compared to Q2 2025.
'We achieved record revenue and set new highs for volumes across stocks, options, and event contracts,' CFO Shivo Verma said at the time.
As Cryptopolitan reported last year, just three months after the acquisition, Bitstamp surpassed Robinhood's own app in crypto trading volume, reaching $14.4 billion in August compared to Robinhood's $13.7 billion.
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