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In November last year, a U.K. waitlist was opened, garnering 250,000 signups. That’s now in vain, with Robinhood shutting down the U.K. website and promising to delete customer email addresses in line with local privacy regulation.
Commenting on the u-turn, a Robinhood spokesperson issued TechCrunch the following statement: A lot has changed in the world over the past few months, and we’ve made the difficult decision to postpone our UK launch indefinitely. As a company, we are refocusing our efforts on strengthening our core business in the US. We know many people in the UK were excited to invest through Robinhood, and we regret that we cannot deliver our product to UK customers in 2020. Although our global expansion plans are on hold for now, we’re committed to democratising finance for more people around the world. We look forward to the day when we can bring this mission to the UK.
https://techcrunch.com/2020/07/21/robinhood-uk-shutters/?tpcc=TCdailynewsletter
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