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Robinhood Teases Launch of Bitcoin, Oil, and Gold Futures Trading

Published by
Nidhi Kolhapur

Robinhood is shaking things up with an exciting announcement. The platform is about to launch Bitcoin, oil, and gold futures trading, along with a new, easy-to-use trading ladder designed to simplify the process for users. This move could open up a world of new possibilities for investors.

But that’s not all robinhood is expanding its offerings in ways that could change how we think about trading. Read on to discover what’s next for the platform.

Exploring Trading Options & Crypto Offerings

Along with Bitcoin, oil, and gold, Robinhood’s new service will also allow customers to trade S&P 500, USD, and EUR futures. This marks a major expansion for the platform, offering a broader range of trading options for its users.

Robinhood has been expanding its crypto services over time. Earlier this month, it allowed customers to trade the official Trump memecoin. While Robinhood offers fewer trading options than many competitors, it has listed popular tokens like Solana (SOL), Cardano (ADA), XRP, and PEPE following Donald Trump’s 2024 election victory.

Regulatory Challenges

However, Robinhood’s relationship with some cryptocurrencies has been rocky. In 2023, it suspended support for Solana, Cardano, and XRP after the SEC targeted firms like Coinbase over the sale of unregistered securities. In October, Robinhood Crypto launched a feature allowing European customers to transfer about 20 cryptocurrencies, including Bitcoin and Ether, to and from other platforms, like exchanges or wallets.

Bitstamp Acquisition to Boost Crypto Services

Robinhood is also set to complete its acquisition of crypto exchange bitstamp by the first half of 2025. Bitstamp’s spot exchange, which offers over 85 tradable assets and is popular in Europe and Asia, will significantly enhance Robinhood’s crypto offerings.

This acquisition is part of Robinhood’s strategy to boost its cryptocurrency revenues and attract new investors who are looking to diversify their portfolios with digital assets.

Robinhood Stock Sees Ups and Downs

On Friday, Robinhood Markets Inc. (HOOD) saw its stock hit an all-time high of $52.06. However, this surge was followed by a broader market sell-off, caused by concerns over DeepSeek, which brought the stock back down below $50.

Despite the drop, Robinhood’s plans to expand its offerings show its commitment to growth in an increasingly competitive market.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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