Robinhood , the app which offers users free shares in US stocks , plans to expand into other markets around the globe . Despite year - old negotiations in Australia , which are still pending authorisation , the company is reportedly preparing to launch in China , a country that has banned the use of the majority of American apps . Aside from news that Chinese - American users have been presented with codes to bring friends and family back home in China , some industry analysts commenting that the company ’s ambitious strategy faces a huge challenge .
Robinhood, the app which offers users free trading in US stocks, plans to expand into other exchanges around the globe. Despite year-old negotiations in Australia, which are still pending authorisation, the company is reportedly preparing to launch in China, a country that has banned the use of the majority of American apps. Aside from news that Chinese-American users have been presented with codes to invite friends and family back home in China, some industry watchers commenting that the company’s ambitious plan faces a huge challenge.