FCA Authorizes Robinhood to Operate in the U.K.

Robinhood International, Ltd., a Robinhood subsidiary, has been authorized by the Financial Conduct Authority, which regulates U.K. financial services, to operate as a broker in the U.K. 

This authorization will enable us to bring our investing platform to customers in the U.K., and is a critical step to achieve our mission of democratizing finance for all.

Additionally, we’re happy to announce that Wander Rutgers was appointed President of Robinhood International. He will lead the U.K. business and oversee our new London office. Wander has a deep background in fintech, joining us from Plum, where he spearheaded the investing and savings product. Before that, Wander led product, compliance, and operations teams at TransferWise, and was instrumental in expanding into new markets. 

“Today marks the beginning of a new chapter for Robinhood, and we’re excited to take the first important step towards bringing our investing platform to customers in the U.K. I’m thrilled to be a part of Robinhood and our effort to expand into a new international market.” – Wander Rutgers, President, Robinhood International

Our London team is already growing, and we’re hiring across compliance, operations, user research, and marketing. Check out our open roles, and stay tuned for the U.K. launch!

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Introducing Messages

Timely, relevant, and actionable updates tailored to your account

Over the next few weeks, you may discover a new feature on Robinhood called Messages. This update introduces a new tab to the app, where you’ll receive important information about your account and holdings.

Messages on Robinhood are tailored to be timely, relevant, and actionable. They’re personalized to your account, and are grouped into easy-to-navigate threads. 

We’ll send you account updates (like deposits, withdrawals, and bank linking), messages specific to your holdings (like stocks, options, and crypto purchases or sales, dividends, and corporate actions), and announcements. You’ll also find links to helpful resources. 

To ensure that the most important information reaches you first, critical messages are marked with a red dot, and appear at the top of the page until read. You can mute threads, and still access these updates from the Messages tab. Learn more.

Messages will begin rolling out to customers slowly as we continue to make improvements, so you might not see them in the app immediately. We’re already working on adding more features, and your feedback will help us prioritize what to build first.

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Robinhood Raises $323M to Democratize Finance For All

Series E Funding Led by DST Global

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We’re focused on building products and services that expand access to our financial system. Since May of last year, we’ve launched our own clearing system, Clearing by Robinhood; rolled out a new Robinhood Gold experience including Nasdaq Level 2 Market Data; and introduced multi-leg options strategies. We also acquired Robinhood Snacks to bring people digestible financial news; grew our management team, including leaders for operations and finance; and expanded Robinhood Crypto to more than 30 states.

Today, Robinhood is announcing a $323M Series E financing at a $7.6B valuation. This round was led by DST Global, with participation from investors including Ribbit Capital, NEA, Sequoia, and Thrive Capital. 

We’ll use the funding to keep pursuing our mission of democratizing finance for all. 

Robinhood means Robinhood Markets, Inc. and its subsidiaries, including Robinhood Financial LLC, Robinhood Securities, LLC and Robinhood Crypto, LLC. 

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Gretchen Howard Elevated to Chief Operating Officer

Colson Griffith Photography

Colson Griffith Photography

We’re delighted to share that Gretchen Howard has been elevated to Chief Operating Officer at Robinhood. Since joining Robinhood in January as Vice President of Operations, Gretchen’s leadership has expanded to more key areas of the business, including brokerage operations, product operations, communications, HR and recruiting. As COO, she’ll continue to leverage her expertise in scaling businesses and help Robinhood expand our financial services offerings.

“In addition to driving improvements to our operations, Gretchen’s impact can be seen across the organization. At Robinhood, we have an insane customer focus. Gretchen embodies that value and inspires us to build scalable, quality products that expand participation in our financial system. Her leadership as COO will be instrumental as we grow our business, and I’m excited to continue working together to democratize finance for all.” –  Vlad Tenev, Co-Founder & Co-CEO at Robinhood

Congratulations Gretchen, we’re excited to see all the contributions you will continue to make at Robinhood!

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Nasdaq Level 2 Market Data is Here

Learn more about Robinhood Gold, and other recent updates

A few months ago, we revamped Robinhood Gold, which is a collection of premium features including research reports and margin investing. We’re excited to share that Nasdaq Level 2 Market Data is now available on Gold, alongside other premium features such as Morningstar Research Reports. Level 2 Market Data shows real-time bids and asks for any stock so you can better determine the supply and demand for a stock at a certain price.

In addition to revamping Gold, we’ve added several other features to help you stay informed and invest more confidently. Now, it’s even easier to keep track of the markets and manage your investments. Here are some recent updates, in case you missed them:

Robinhood Snacks

Our financial newsletter and podcast bring you free, daily, and digestible financial news. You can sign up for the newsletter here, and listen to the podcast on Apple Podcasts, Google Podcasts, Spotify, and other providers.

New Charts on Web

We added candlestick charts and indicators for stocks and cryptocurrencies on Robinhood Web. These new tools can help you better understand the markets and analyze the latest trends.

Stay in the know, even when you’re not logged in
Get access to Robinhood’s stock and crypto pages faster, even if you aren’t logged into your Robinhood account. Track prices and view charts, news, and company info, or share pages with friends.

Robinhood Crypto

Robinhood Crypto continues to grow, and is now live in 39 states including New York. You can trade seven cryptocurrencies such as Bitcoin and Ethereum, and get news and price movement alerts for 10 additional cryptocurrencies.

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Robinhood Crypto Launches in New York

Invest in Bitcoin, Ethereum, and other cryptocurrencies

We recently announced that Robinhood Crypto received the BitLicense and a money transmitter license to operate in New York. As of today, New Yorkers can officially invest in cryptocurrencies on Robinhood Crypto.

Currently, you can invest in seven cryptocurrencies on Robinhood Crypto: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. You can also track price movements and news for those and 10 additional cryptocurrencies.

With New York, Robinhood Crypto is now available in 39 states–you can find the full list here.

Follow us on @RobinhoodApp to get notified when Robinhood Crypto is available in your state!

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