Breaking: Robinhood Secures FCA Approval To Offer Crypto Services In UK, HOOD Stock Gains

36 mins ago Updated 32 mins ago

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Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.

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HOOD Stock Outlook Ahead of Q2 2026 Earnings

Robinhood Bags FCA License In UK For Crypto Services

The regulatory update has pushed Robinhood’s stock ticking up to the opening bell. HOOD shares were trading at $87.23, up 0.77% in premarket trading on Monday, August 3.

The U.K. Registrar of Financial Conduct said that the FCA registration enables Robinhood’s U.K. business to operate legally and meet U.K. anti-money laundering (AML) requirements while providing the crypto-related services. In 2020, the regulator unveiled its crypto registration system. Over the past few years, over 50 companies have been approved under the framework.

There are already a number of big digital asset companies that are listed on the FCA’s crypto register. Some of these include Ripple and Kraken. The traditional financial institutions that include BlackRock, BNY, are also present.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.