Robinhood to Introduce Options Trading in UK in Early 2025

Robinhood Markets, Inc. HOOD intends to begin offering options trading to its U.K. clients in early 2025 as it continues to expand the features on its platform to cater to customers outside the United States. Jordan Sinclair, president of Robinhood UK, stated this in an interview with Yahoo Finance UK.Rationale Behind HOOD’s OfferingOn the third-quarter 2024 conference call, Robinhood announced receiving approval from the Financial Conduct Authority for offering options trading. This will be the latest feature to be rolled out in the United Kingdom and was earlier available to U.S. investors. In March, HOOD introduced its trading platform in the United Kingdom.Robinhood is also monitoring the situation regarding the cryptocurrency launch in the country. Sinclair stated, “I think in the UK recently there [have been] some really great steps in terms of a regulatory framework and published regulatory roadmap which is always a great place to start for the UK in the crypto environment. We'll continue to listen to our customers and there's some really great steps on the regulatory framework side.”Robinhood has already launched other features in the United Kingdom. In October, the company started to roll out margin investing. In September, it introduced share lending. These moves align with the company’s strategy to expand its market share globally.HOOD’s Zacks Rank & Price PerformanceYear to date, HOOD shares have skyrocketed 194.3%, outperforming the industry’s 37.6% growth.Image Source: Zacks Investment ResearchCurrently, Robinhood carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.International Expansion Plans of Other Finance FirmsEarlier this month, The Goldman Sachs Group, Inc. GS obtained regulatory approvals from the Beijing Bureau of China Securities Regulatory Commission to sell funds in China. This was first reported by Reuters.The license was granted to GS’ China securities brokerage unit. This marks a significant step for the U.S. investment bank in China.Last month, Barclays PLC BCS announced that it intends to establish a new Private Banking booking center in Singapore, expanding its presence in the Asian region. The center is anticipated to be operational by 2026 to serve the company’s private banking clients.This move reinforces Barclays’ emphasis on Asia expansion as it continues to offer specialist investment, banking, lending and wealth advisory services to its ultra-high-net-worth clients and global family office clients.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Barclays PLC (BCS): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks