CNBC
Online investments app Robinhood
said Thursday that it’s set to launch its platform in the U.K. in early 2024, marking the company’s third attempt at cracking international expansion.
Features include the ability to choose from 6,000 U.S. stocks and 24-hour trading five days a week. Robinhood currently offers 24-hour trading in the U.S., allowing trades to happen outside 9:30 a.m. ET and after 4 p.m. ET.
Robinhood won’t offer U.K. stocks to begin with but will look to add them as it brings more products into the platform. The U.K. version won’t include options and other derivatives at launch, either.
Jordan Sinclair, Robinhood’s U.K. chief, said he expects 24-hour trading to be popular, as it will let users trade on market-moving news.
“You wake up in the morning, you read the news headlines, and then you have to wait,” Sinclair said. “Customers actually can make a trade and choose their investment strategy and actually act on that market news.”
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