Robinhood, a disruptor of the American stockbroking trade, is tempting to UK energetic merchants with the launch of Robinhood Legend, a browser-based desktop buying and selling platform.
Buying and selling platform for energetic merchants
The platform shall be deployed to UK-based merchants beginning as we speak (Wednesday). Anybody with a Robinhood account can use it without cost, permitting clients to commerce 6,000 US shares together with choices agreements.
The NASDAQ registered dealer launched its desktop platform final 12 months to accommodate extra subtle and energetic retail buyers. Based on Robinhood, greater than 11 million UK residents are at the moment utilizing desktop platforms to speculate.
The buying and selling platform gives options corresponding to customized buying and selling setups, superior charts, real-time information, customized time intervals and extra.
Jordan Sinclair, president of Robin Hood. Picture: LinkedIn
“The purpose is for Robinhood to develop into the primary platform for globally energetic buyers,” stated Jordan Sinclair, president of Robinhood UK.
“Robinhood Legend offers UK buyers the pace, accuracy and customization they should keep forward of the curve. It has a robust, intuitive, well-designed, free platform.”
Robinhood’s UK Push
The legendary growth of British Robinhood comes months after the brokers started choices contracts buying and selling domestically. The American dealer entered the UK market final 12 months after two failed makes an attempt. Initially, they tried to launch service within the UK in 2020, however weren’t profitable. I then tried to get the UK-based buying and selling app Ziglu. Nevertheless, the transaction didn’t come true.
Choices buying and selling was Robinhood’s high income generator, however Crypto Buying and selling has just lately begun to extend income and overtake choices. Nevertheless, crypto revenues for the primary quarter of 2025 had been $252 million, about 30% decrease than the earlier quarter figures, whereas the choices introduced in $240 million.
Securities corporations are at the moment planning to maneuver their providers away from crypto asset lessons tends to fluctuate.
