Robinhood eyes UK expansion amid declining stock culture:Â Paul J. DaviesÂ
Robinhood Markets is making a bold move into the UK, a country where traditional stock-investing culture has declined. While the trading app gained notoriety during the meme-stock frenzy in 2021, its expansion targets Britain's affinity for online betting rather than equities. As Robinhood introduces US stock trading and margin lending, it faces challenges, including regulations that limit payment for order flow. The question remains: can it cultivate a base of active traders in a market swayed by gambling?
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By Paul J. Davies
Britain's stock-investing culture has been withering for years, with the only real growth coming from consultants, policymakers and commentators generating ideas on how to revive it. So why is Robinhood Markets Inc. so keen to expand in the UK? The draw may be more the country's enthusiasm for online betting than allocating savings to equities.
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