Robinhood Expands Offerings With Bitcoin and Ether Futures Trading
Robinhood has introduced plans to broaden its cryptocurrency choices by introducing futures buying and selling for Bitcoin and Ether.
Robinhood has introduced plans to broaden its cryptocurrency choices by introducing futures buying and selling for Bitcoin and Ether.
This improvement comes amid the launch of the agency’s new desktop buying and selling platform, Robinhood Legend, geared toward lively merchants searching for superior instruments and customization choices.
Along with its futures choices, Robinhood continues to offer entry to Bitcoin and Ethereum ETFs within the U.S., together with the flexibility to buy crypto immediately through its Robinhood Crypto platform.
Inventory buying and selling for Robinhood has proven optimistic motion following the announcement, with shares rising 2.8% in pre-market buying and selling, reaching $27.69. The inventory has gained greater than 111% year-to-date.
Robinhood can be reportedly contemplating a stablecoin launch, although a spokesperson reiterated there are “no imminent plans” for this initiative.
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