Crypto-friendly Robinhood moves closer to UK with local CEO appointment

Robinhood has been planning its UK expansion since 2019, but the project has suffered multiple delays.

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Crypto-enabled trading platform Robinhood is moving forward with plans to launch services in the UK with a major new local appointment.

Robinhood has appointed former Barclays executive Jordan Sinclair as CEO of its UK entity, according to data from the Financial Conduct Authority.

According to the FCA, Sinclair was approved by the authority to assume the role of CEO of the UK branch of Robinhood on July 18.

Before joining Robinhood, Sinclair was managing director of European fintech company Freetrade for 13 months, according to his LinkedIn profile. He has also worked as a group strategy director at financial firm Barclays and as an investment banker at Wells Fargo.

The latest hire is part of Robinhood's long-term plan to launch a platform in the UK. Robinhood's UK expansion has been rumored since at least early 2019, but has been repeatedly delayed. In April 2022, Robinhood renewed its expansion plans by acquiring British crypto company Ziglu.

Local reports in mid-July suggested that Robinhood had begun the process of hiring key executives for its UK business...