Robinhood disrupted public markets in the United States. And now, they’re expanding.
What’s happening:
- Robinhood (NASDAQ: HOOD) has announced they have expanded beyond the United States for the first time ever and officially launched their trading platform in the United Kingdom
Why it matters:
- Robinhood’s launch into the United Kingdom represents their first foray into becoming a global trading platform
- Robinhood has rapidly grown into becoming one of the most popular trading platforms in the United States and has been one of the most disruptive tech startups focused on the public markets
By the numbers:
- Robinhood currently has over 23M individual accounts
- The total assets on Robinhood’s trading platform now exceeds over $100B USD
Going deeper:
- Robinhood has also been a major benefactor of the recent upswing in crypto markets, as their trading platform allows users access to buying and selling digital assets
The intrigue:
- Robinhood has also recently announced their plans to launch a credit card to individuals in the United States that comes with a cash back feature, as well as a limited edition version that is made entirely out of gold
