Crypto order routing

How crypto order routing works

When you submit a crypto order through our platform, we handle the back-end routing to ensure your trade is executed efficiently. Unlike traditional equities, crypto markets operate globally and continuously. To provide you with reliable execution, Bitstamp UK relies on an interconnected network of internal and group-owned infrastructure.

Bitstamp UK does not directly execute or arrange crypto trades. Instead, you submit your order to Bitstamp UK Ltd (BSUK), an FCA-registered entity owned by Robinhood, and BSUK executes it on the trading platform operated by Bitstamp Europe S.A. (BESA).

Order mechanics and volatility protections

Because crypto markets can move rapidly, all orders routed through the system are subjected to automatic marketability and volatility checks before they are sent to the exchange order book.

Collared limit orders

To shield you from sudden price gaps or execution slippage, Bitstamp UK exclusively routes and executes market orders as collared limit orders. This applies an automatic defensive buffer to your execution price:

  • Buy orders: Routed with a +1% protective collar calculated above the current global ask price.
  • Sell orders: Routed with a +5% protective collar calculated below the current global bid price.

Precision & rejection checks

Every asset listed on the platform carries strict, exchange-defined minimum sizes and decimal increments. If an order is entered with a quantity or price precision that exceeds what our execution venues can support, our automated order checks will block the transaction before it is routed, protecting your cash balance from unexpected execution rejections.

Cash settlement and asset protection

Even though your orders are routed to international exchange ledgers, the underlying financial settlement remains fully integrated within your app experience.

  • Shared funds: Cash settlement flows directly through your primary Robinhood individual brokerage cash balance.
  • Asset segregation: Crypto acquired through this flow represents client assets. Your digital holdings are kept separate from firm operational balances and are held securely within dedicated digital asset custody managed on behalf of Bitstamp UK.

Maintenance and market halts

Crypto markets operate 24/7, but technical networks occasionally undergo operational downtimes.

If our routing pipelines or exchange books experience scheduled technical maintenance or an unexpected network halt, the system will instantly implement an internal lock. During these brief periods, the Buy and Sell buttons in your app will be unavailable, and any order submitted precisely as a routing line goes offline will be rejected internally to ensure your funds are never exposed to transmission errors.

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Robinhood U.K. Ltd (Robinhood UK) is a company registered in England and Wales (09908051) and is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website.

Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services, securities lending, and margin investing to eligible UK customers with margin accounts. Margin is provided by Robinhood Securities, LLC. Robinhood UK can only introduce customers to Robinhood Securities, LLC for margin investing.

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Margin investing is a high risk product. Leverage can magnify your losses and you could lose more than your initial capital. You must also repay your margin loan and any interest charges, which may result in the sale of securities.

Options and futures are complex products, involve significant risk and are not suitable for all investors. You could lose more than your initial invested capital. You should only invest in financial products that match your knowledge and experience. Review Characteristics and Risks of Standardized Options prior to engaging in options trading and the Futures Risk Disclosure Statement prior to engaging in futures trading.

Stock lending, margin investing and options and futures investing are optional and subject to Robinhood's eligibility and appropriateness criteria.

Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood Derivatives, LLC is regulated by the CFTC and is an NFA member.

Robinhood UK, Robinhood Securities, LLC, and Robinhood Derivatives, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood does not provide investment advice. Individual investors should make their own decisions. Read the terms before using our services and, if necessary, seek advice.

Commission-free trading refers to $0 commissions on stocks for Robinhood self-directed individual brokerage accounts that trade US listed securities and ADRs. Keep in mind, contract fees apply when trading options and futures and other costs, such as exchange fees and regulatory fees may also apply. Review Robinhood UK’s Fee Schedule to learn more.

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All investing involves risk and loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is a company registered in England and Wales (09908051) and is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website.

Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services, securities lending, and margin investing to eligible UK customers with margin accounts. Margin is provided by Robinhood Securities, LLC. Robinhood UK can only introduce customers to Robinhood Securities, LLC for margin investing.

Robinhood U.K. Ltd introduces UK customers to Robinhood Derivatives, LLC for futures investing.

Margin investing is a high risk product. Leverage can magnify your losses and you could lose more than your initial capital. You must also repay your margin loan and any interest charges, which may result in the sale of securities.

Options and futures are complex products, involve significant risk and are not suitable for all investors. You could lose more than your initial invested capital. You should only invest in financial products that match your knowledge and experience. Review Characteristics and Risks of Standardized Options prior to engaging in options trading and the Futures Risk Disclosure Statement prior to engaging in futures trading.

Stock lending, margin investing and options and futures investing are optional and subject to Robinhood's eligibility and appropriateness criteria.

Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood Derivatives, LLC is regulated by the CFTC and is an NFA member.

Robinhood UK, Robinhood Securities, LLC, and Robinhood Derivatives, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood does not provide investment advice. Individual investors should make their own decisions. Read the terms before using our services and, if necessary, seek advice.

Commission-free trading refers to $0 commissions on stocks for Robinhood self-directed individual brokerage accounts that trade US listed securities and ADRs. Keep in mind, contract fees apply when trading options and futures and other costs, such as exchange fees and regulatory fees may also apply. Review Robinhood UK’s Fee Schedule to learn more.

UK Privacy policy

Robinhood U.K. Ltd, 70 Saint Mary Axe (Suite 404), London, England, EC3A 8BE. © 2026 Robinhood. All rights reserved.