Fintech Giant Robinhood Secures Brokerage License in Lithuania

The Bank of Lithuania granted a brokerage license to U.S.-based Robinhood, giving the company direct access to the European Union’s financial services market.

Lithuania has already established itself as a hub for international fintech companies. Currently, 14 licensed brokerage firms operate in the country and serve more than 6 million clients across Europe. The country reached this level thanks to government support, high regulatory standards, and a welcoming investment environment.

Simonas Krėpšta, a board member at the Bank of Lithuania, previously announced Robinhood’s official entry into the country. Furthermore, he pointed out that Lithuania continues to grow into one of the leading players in Europe’s financial industry. Companies registered in the country, including brokers, wallets, and other financial services, already serve around 30 million Europeans, and that number keeps rising.

In addition to the growing number of companies and clients, Lithuania continues to show stable job growth. The fintech sector now employs around 7,400 specialists, and the average monthly salary reaches €3,900, according to data from Fintech Hub LT. This trend shows that financial innovation not only improves service quality but also strengthens the national economy.

Related: Robinhood CEO — Outdated Regulations Blocking Investment Growth

For Robinhood, obtaining a European license marks an important step in its international expansion. Since launching in 2013, the company has grown into a leading force in the U.S. fintech market, attracting millions of users with its simple and user-friendly platform. Expanding into a major new market shows Robinhood’s commitment to making financial services more accessible and transparent for customers across the continent.

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