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 Chinese-American apps. Aside from news that AmericanChinese-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.
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.