Robinhood: Stock trading app cancels UK expansion - Business Insider

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$8.6 billion trading app Robinhood is canceling its UK launch amid an explosion in day traders

The startup recently raised another $320 million at a valuation of $8.6 billion amid a boom in activity as millennials flock to trading during coronavirus.

Stock trading app Robinhood has postponed its UK launch indefinitely to focus its efforts on the US. but has delayed its launch date during the coronavirus pandemic. Robinhood will now take down its UK website, with 266,492 people on its waitlist.

 

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