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
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.
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.
Robinhood is also set to complete its acquisition of crypto exchange bitstamp
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.
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.
Excitement within the XRP community is reaching new heights as ExoraPad’s presale swiftly surpasses a…
Investors looking for stability in crypto have no choice but to jump from one meme…
Securing $OZ tokens during the Ozak AI presale offers a unique opportunity to maximize future…
CLS Global, a leading digital asset market maker and liquidity provider founded in 2017, announced…
The wider crypto market has continued to showcase resilience after the Asian and European stock…
At the beginning of April, Bitcoin was trading at $82,539. Since then, it has dropped…