Baiju Bhatt/Vladimir Tenev/Robinhood.
Robinhood given green light by UK regulator
The free share trading business is (finally) about to arrive.
Robinhood started in 2013 as the brainchild of Vladimir Tenev and Baiju Bhatt for a cheaper way to buy and sell US stocks and shares, today the business is valued at $7.6bn and the cofounders previously commented that they hoped to take Robinhood public in 2019.
Although fairly unique in the US, Robinhood will find the UK market far more competitive than its home turf with multiple challengers having sprung up in the last few years.
“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 UK,” said Wander Rutgers, president of the newly created Robinhood International.