Trading app Robinhood drops margin investing in UK launch

Trading app Robinhood drops margin investing in UK launch

The Star Online - Tech·2024-03-19 11:02

LONDON (Reuters) - Trading platform Robinhood has "paused" its plan to lend to UK-based customers to allow them to make leveraged trades pending further talks with regulators, as it launches its UK business, the company said.

Robinhood, which launched its UK arm on Tuesday, had planned to offer margin investing, a risky form of trading in which customers borrow money to make bigger trades.

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