Robinhood Hires a New UK CEO in Its Third Attempt to Launch Abroad

• Robinhood hired Jordan Sinclair as the CEO for its UK new expansion.
• This is the third time Robinhood plans to launch in the UK.
• It’s not clear whether the application will allow cryptocurrency trading in the UK as it needs to be registered with FCA.

Robinhood has recently hired Jordan Dane Sinclair for the position of CEO for its UK expansion which is planned to take place by the end of this year. This is Robinhood’s latest attempt to launch in the UK. Before joining Robinhood, Sinclair was a managing director at Freetrade, an investment company in London.

Robinhood, the US stock trading application, has attempted to launch in the UK twice before. In 2019, Robinhood secured a license from the Financial Conduct Authority and encouraged people to sign up for a waitlist for the UK platform ahead of the full launch. Moreover, the company had plans to acquire London-based crypto trading firm Ziglu.

However, the company’s previous UK expansion was canceled in 2020 over allegations of misleading customers. Robinhood was also criticized by politicians after the suicide of a 20-year-old who mistakenly believed he had lost $730,000. Sean Casten, an American b…

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