Robinhood has halted UK expansion plans - Business Insider

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Canceling its launch in the UK makes sense, as negative headlines would've weakened Robinhood's competitiveness against established players

All this would have likely discouraged prospective UK consumers from using its platform, especially since there are a number of existing alternatives, including eToro, Freetrade, and Revolut.

With its recent megaround and fast-growing customer base, Robinhood shouldn't be in any hurry to expand abroad — instead, it should prioritize regaining US customer trust through additional educational Join other Insider Intelligence clients who receive this Briefing, along with other Fintech forecasts, briefings, charts, and research reports to their inboxes each day. >>

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