Robinhood has launched margin trading for U.K. customers six months after its app first launched in the country, allowing retail traders to increase their positions via broker loans.
The most famous example was GameStop, wherein nostalgic Redditors overwhelmed institutional investors by buying up options, causing a short squeeze that drove prices higher.
Robinhood became a household name in 2021 as Redditors on 'WallStreetBets' turned to it during the meme stock craze, showcasing its appeal to a new generation of traders.
With 24 million users in the U.S. and record revenues of $682 million and net income of $188 million in Q2 of 2024, Robinhood is expanding its reach.
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