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

03 Aug, 2026 Updated 03 Aug, 2026

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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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Robinhood has received approval to offer crypto services in the United Kingdom. Its UK unit was added to the Financial Conduct Authority’s (FCA) list of firms authorized to provide crypto-asset services.

Robinhood Bags FCA License In UK For Crypto Services

The regulatory update has pushed Robinhood’s stock ticking up to the opening bell. HOOD stock was 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.

Moreover, 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.

A Look At The New UK Crypto Rules

Also, Robinhood’s approval arrives at a key time for the U.K.’s crypto industry. The nation is planning to adopt a more comprehensive crypto industry regulation. Under the new system, companies will have to seek permission to operate under the new laws.

Application for the new system will likely start at the end of September. It is expected to continue through next year until the end of February. The new rules will then go into effect in October.

Existing FCA-registered firms would have a head start in the upcoming authorization process. A number of systems of compliance and regulatory controls exist already, which may minimize the effort required to meet the new rules.

Also, this news is positive for Robinhood as the firm recently reported a decline in crypto revenue. In its Q2 earnings results, Robinhood reported that its revenue from crypto fell to $100 million. Hence, with regulated offerings in a new jurisdiction could help expand its reach.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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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.