Is HOOD Stock Eyeing a Rally After Robinhood Secured UK Crypto Registration?

Robinhood has secured UK crypto registration as its local arm joined the Financial Conduct Authority’s crypto-asset register on July 31, giving HOOD stock another regulatory development to watch.

Robinhood Gains UK Crypto Registration

Robinhood’s UK entity can now offer certain cryptocurrency services under the FCA’s existing anti-money laundering framework. The approval confirms that the company meets current registration requirements for cryptoasset firms operating in the United Kingdom.

The registration comes before the UK begins its broader crypto authorization process. Applications are expected to open at the end of September and close at the end of February next year.

The full regulatory framework is expected to take effect in October 2027. Companies already registered under the current FCA regime may have completed part of the compliance work before the new rules arrive.

Robinhood joins more than 50 approved firms under the FCA’s crypto register. The list includes crypto platforms, asset managers, and traditional finance groups that have met anti-money laundering standards.

UK Approval Adds to Global Expansion

The UK move follows Robinhood’s broader push across international markets. The company recently said it planned to launch crypto trading in the UK and expand its product base in Europe.

Robinhood also broadened its perpetual futures offering in Europe beyond cryptocurrencies. Eligible investors can trade contracts linked to commodities, ETFs, and foreign exchange markets.

The company said the products include gold, silver, crude oil, and the euro-dollar pair. The offering includes leverage of up to 10 times and round-the-clock trading for eligible users.

Robinhood has also moved into lending and international expansion. Robinhood Earn allows eligible U.S. users to lend USDG through a self-custody wallet at an estimated 7% annualized return.

The company also announced its Canada entry after acquiring WonderFi. Robinhood said it received a capital markets services license in Singapore, adding another regulated market to its expansion plan.

Bernstein Sees More Upside for HOOD Stock

Bernstein maintained an outperform rating on HOOD stock with a $160 price target. That target suggests major upside from recent trading levels near the mid-$80 range.

The firm said Robinhood’s crypto business is moving beyond trading into tokenization. It also cited Robinhood Chain, tokenized stocks, Bitstamp, and prediction markets as growth drivers.

Robinhood Chain has generated more than $12 billion in decentralized exchange volume. The network has also processed more than 150 million transactions since launch.

Robinhood’s stock tokens are now available in more than 120 countries through Robinhood Wallet. The company is also gaining traction in prediction markets after launching the product in June.

Prediction market revenue reached $156 million in the second quarter. That figure exceeded Robinhood’s $100 million crypto trading revenue during the same period.

HOOD stock traded near $86.60 after pulling back from a July high around $118.60. The decline placed the stock below the $95 to $97 resistance zone.

Source: X

A recovery above that zone could reopen a move toward $118.60. Further strength could put the previous cycle high near $151.54 back in focus.

With the current momentum, the immediate support sits between $80 and $82, where buyers previously entered. However, a bearish break below $80 could expose the $70 area, with stronger demand near $64 to $67.