European Investors Face Competition As Trade Republic Raises Funds

Robinhood Arrives in Germany But Only for Crypto

European Investors Face Competition as Trade Republic Raises Funds

Robinhood, the popular US stock-trading app, has entered the German market but only for cryptocurrency trading.

The move comes as a blow to European investors who have been eagerly awaiting the full launch of Robinhood's services.

Robinhood's decision to abandon its UK launch last summer left a gap in the market for commission-free trading.

The closest match would be Trade Republic or Scalable Capital Broker, both of which offer commission-free trading via smartphone.

Trade Republic has already raised 900 million in a huge funding round that values the start-up.

Robinhood's entry into the German market is likely to intensify competition in the European stock-trading space.