Stock and crypto trading platform Robinhood announces indefinite postponement of related business in the UK

According to CNBC, San Francisco-based stock and cryptocurrency trading platform Robinhood announced an indefinite postponement of the release of its stock trading application in the UK and continues to focus on the US domestic market. Robinhood will close its UK website soon, and customers’ email addresses will be deleted from the company’s system to protect users’ privacy. The company plans to transfer most of its 10 employees in the UK to the US team, and the others will be fired. According to previous reports from Chain News, in the middle of this month, Robinhood raised another US$320 million with a valuation of US$8.6 billion, and the F round of financing raised a total of US$600 million.