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Robinhood Puts Off Bid to Take U.S. Trading Phenomenon Abroad

July 21, 2020, 6:29 PM

Global investors aspiring to be part of a Robinhood trading frenzy just like their U.S. counterparts are going to have to wait, indefinitely.

Robinhood Markets Inc., which runs a no-fee trading app in the U.S. that’s drawing millions of new users as well as a few critics, has put its global expansion on hold and postponed its launch in the U.K. That’s in the wake of several technical issues and outages to its platform this year, as well as concerns that it’s indirectly encouraging people with little financial expertise to take uninformed risks.

The decision to postpone its U.K. ...