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Stock and crypto trading app Robinhood sets its eyes on the UK

US-based stock investment and cryptocurrency exchange app Robinhood is looking to expand overseas, TechCrunch writes. While the company has yet to make an official statement regarding their expansion, their team has reportedly begun “stealthily recruiting for a new London office.”

According to TechCrunch’s sources, Robinhood is currently scouting the London fintech community for positions across various departments, including operations, recruitment, marketing, product design, customer support, and compliance. Strong compliance support would be a crucial component of Robinhood’s UK expansion, as the no-fee stock-trading app would need to apply to the local Financial Conduct Authority for appropriate licenses before entering the UK market.