Breaking: Robinhood Names New CEO Amid UK Expansion Push

New UK CEO Ahead Of Launch

On Tuesday, it was revealed through a record kept by the UK’s Financial Conduct Authority that Jordan Dane Sinclair had been chosen and given the go-ahead to serve as CEO of Robinhood UK Ltd. According to accounts filed by its UK subsidiary in May, the platform plans to introduce brokerage services to individual UK retail investors this year after making two prior attempts.

advertisement

According to Sky News, which broke the news of his appointment, Sinclair most recently served as managing director for Europe at the regional retail stock-trading software Freetrade.

One job posting for the company stated, “Our team of Hoodies in the UK will enable Robinhood to continue developing excellent financial products on our journey towards democratizing finance for all.”

There is a need to fill these important positions in the UK, as regulatory filings suggest Robinhood intends to introduce an FCA-approved brokerage service for UK retail investors by the end of the year. 

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

Also Read: XRP, DOGE Among Top Altcoins In Market Depth Spike After Ripple Ruling

Robinhood’s Competition In The UK

Robinhood has been planning for the UK launch for years now. The initiative was officially postponed in 2020. The firm will also have tough competition to face in the UK market. 

Public.com, a Robinhood rival, is expanding for the first time outside of its native American market with the debut of its commission-free investing platform in the UK. The business, which additionally provides investment in US Treasuries, ETFs, cryptocurrency, and other assets in the US, intends to eventually broaden the range of products it offers in the UK and enter other European nations.

Also Read:  Terra Luna Classic Proposal To Improve Governance And Decentralization

Comments

Post a Comment

Popular posts from this blog

Veax Labs Officially Launches Advanced NEAR-Based DEX on Mainnet, Introduces Major LP Incentive Program

Image
Schwarzenbach, Switzerland, April 27th, 2023, Chainwire Veax Labs has officially launched its advanced decentralized exchange (DEX) on mainnet. Built on NEAR Protocol, the platform aims to seamlessly bridge features commonly found in the traditional finance (TradFi) with that of the decentralized finance (DeFi) market. Together with the launch of the platform’s mainnet, it has introduced the Veax Liquidity Provider (LP) Incentive Program, a unique opportunity to reward community members who commit liquidity to the platform, further accelerating its growth. Building On A Successful Testnet Since the platform’s public testnet launched in late January, over 12,230 users accessed the platform, creating over 120,000 liquidity positions and generating nearly 2 million native NEAR testnet transactions. Following the success of the platform’s public testnet, the team has developed a unique trading experience for the NEAR ecosystem, building on feedback received and implemented during the test
Read more

Portals, The Protocol Aggregator Building ‘One-Click Defi’, Secures $500k Seed Extension

Image
Calgary, Canada, September 13th, 2023, Chainwire Following the tremendous success of their Seed Round in early 2023, Portals , the DeFi protocol aggregator simplifying Web3 by consolidating DeFi actions, has announced the successful close of their Seed Extension, securing $500K. This Seed Extension builds on their recent $2M Seed Round funding (led by Lightshift Capital), further bolstering their financial footing and allowing the team to accelerate the creation of a DeFi experience that is user-friendly, efficient, and comprehensive. Participants in the Seed Extension include Bankless Ventures, Digital Currency Group, and Founderheads. Their contributions signal a deep trust in the Portals vision, team, and achievements thus far. Founderheads general founder, Sarunas Legeckas, had this to say on the successful Seed Extension: “We are thrilled to be a part of Portals’ journey towards the goal of improving the DeFi experience. With full confidence, we believe this will be a significant
Read more

Analysts named Must-have Cryptos For Every Invest Portfolio

Image
The crypto market is abuzz with the anticipation of a potential Santa Claus rally. This phenomenon, traditionally seen in stock markets, refers to a surge in asset prices in the final weeks of the year.  Investors are optimistic about favorable market conditions, especially with projections of three rate cuts in 2024, aligning with the Fed’s 2% inflation target. However, the market remains cautious, recalling the end of 2021 when Bitcoin's value didn't sustain the expected rally, ending the year at $46,000. Despite this, the allure of a Bitcoin Santa Claus rally persists, keeping the crypto community on the edge of their seats. Amidst this backdrop, cryptocurrencies like Solana (SOL), Cardano (ADA), Ripple (XRP), Aptos (APT), Optimism (OP), and ScapesMania are gaining attention as must-have assets for diverse crypto portfolios. The coins featured in this text were all chosen for a very good reason since they bring a lot to the table. According to some of the more optimistic
Read more