- Robinhood has been added as an FCA-registered crypto business.
- There are only over 50 such companies allows to operate in the UK.
- The license comes ahead of the UK’s upcoming crypto regime.
Robinhood has joined a handful of companies licensed to offer crypto services in the United Kingdom.
The Financial Conduct Authority (FCA) records show that Robinhood has been included in the country’s registry of approved crypto assets firms as of July 31.
The listing confirms the crypto-friendly trading platform meets the FCA’s money-laundering requirements or MLRs, which are required of crypto asset providers to operate in the UK.
The registry includes just over 50 companies. Among the MLRs registered firms are PayPal, BlackRock, MoonPay, Bitstamp, Revolut, and Gemini.
The Bank of New York Mellon is also another recent addition to the list. The bank was added to the list on June 22, according to the FCA record.
The FCA registration comes two years after Robinhood officially became available in the UK.
Robinhood began offering its crypto services back in 2018.
In 2022, it attempted to enter the UK market by acquiring FCA-registered Ziglu Limited. Both companies had reached an agreement on the deal, reportedly worth 170 million. However, it collapsed due to valuation cuts and market shifts.
It eventually launched its own UK entity in 2023 under a waitlist, with trading commencing later in 2024.
Robinhood joins UK’s crypto market ahead of new regime
Robinhood is entering the UK crypto market just as the regulator prepares to open applications for a new regime.
The UK’s current crypto regulations have mostly focused on anti-money laundering (AML) measures. However, the regulator is expanding the rules to include capital, market abuse, and stablecoin standards.
The authorization window opens next month, from September to February 28, 2027, with the new regime expected to take effect late in October 2027, as Cryptopolitan reported.
FCA estimates the new regulations would add 3 to 4 million customers to UK crypto markets by boosting confidence.
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FAQs
What did Robinhood get from the FCA?
Robinhood U.K. Ltd was added to the FCA's register of cryptoasset firms on July 31, 2026, meaning it meets the regulator's anti-money-laundering requirements to offer crypto services in the UK.
When does the UK's new crypto framework take effect?
The application window opens at the end of September 2026 and closes at the end of February, with the full regime coming into force in October 2027.
Who does Robinhood compete with in the UK crypto market?
Robinhood faces established players such as Revolut, and the FCA register also lists rivals including Kraken, Ripple, eToro, and Interactive Brokers.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Ibiam Wayas
Ibiam Wayas has covered the crypto news beat since 2019. He studied Computer Science at National Open University of Nigeria. His work has appeared on various crypto news platforms, including Coinfomania, Crypto News Australia, and AltcoinBuzz. Drawing on his background in Computer Science, he now focuses on crypto, robotics, and longevity news.
