Investment platform, Robinhood, has plans to launch in the U.K. as early as the start of 2024, according to CEO Vlad Tenev. “The intention is, for the U.K. market, Robinhood to be the best place to invest in U.S. stocks and U.S. dollars, and we believe we can fulfill that need better than anyone else,” Tenev told Bloomberg’s Tom Mackenzie. In an interview with Bloomberg, Tenev announced the company has plans to launch commission-free share trading of U.S. stocks as well as a 5% ADR on invested cash and its 24-hour trading feature within the U.K. Tenev’s announcement marks the third time the investment platform has tried to set up shop in the U.K.
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