Robinhood Secures UK Crypto Approval as HOOD Posts $1.3B Q2 Revenue

TLDR

• Robinhood secured FCA registration to offer cryptocurrency services in the United Kingdom.

• The approval came before the UK introduces its broader crypto regulatory framework.

• Robinhood reported Q2 2026 revenue of $1.3 billion, up 32.25% year over year.

• Transaction-based revenue increased 44% to $776 million during the quarter.

• Event contracts generated $156 million, compared with $10 million in Q2 2025.

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Robinhood (HOOD) has secured registration to provide cryptocurrency services in the United Kingdom, placing the trading platform on the Financial Conduct Authority’s list of approved cryptoasset firms.

Robinhood Markets, Inc., HOOD

The FCA added Robinhood’s UK business to the register on July 31. The approval confirms that the company meets anti-money laundering rules for firms.

Robinhood Gains FCA Crypto Registration

The UK introduced its cryptoasset registration system in 2020. More than 50 companies appear on the register, including Ripple, Kraken, BlackRock, and BNY.

Robinhood can now expand its crypto services under the existing framework. The approval gives the company an early position before the UK launches a broader licensing process.

The new application window will open at the end of September. It will close at the end of February 2027, while the full regime is expected to begin in October 2027.

UK Prepares Broader Crypto Rules

The short application period may favor firms that already meet FCA standards. Registered companies have completed checks related to money-laundering controls and business oversight.

Robinhood will still need to meet the final rules once the new system takes effect. Its current status may reduce work during the next authorization stage.

The registration comes as UK regulators build a formal structure for crypto trading, custody, and related services. The planned regime will replace the narrower framework now used.

Robinhood Reports Strong Q2 Revenue

Robinhood reported second-quarter 2026 revenue of $1.3 billion, up 32.25% from a year earlier. The figure came in 2% above estimates.

Adjusted EBITDA reached $741 million, with a margin of 56.65%. Net income totaled $560 million, beating estimates by 43.64%.

Transaction-based revenue rose 44% to $776 million. Options trading generated $342 million, while cryptocurrency revenue reached $100 million.

Event Contracts Drive Trading Activity

Event contracts generated $156 million in quarterly revenue, up from $10 million a year earlier. Crypto revenue fell from $160 million in Q2 2025.

Net deposits reached $21.7 billion overall. Funded accounts increased 7% to 28.4 million, while investment accounts rose 9% to 29.9 million.

Chief Executive Vlad Tenev said the company’s product strategy remains focused on ownership. Chief Financial Officer Shiv Verma said trading volumes reached new highs.