As a seasoned crypto investor with a penchant for staying ahead of the curve, I wholeheartedly welcome Robinhood’s expansion into Bitcoin and Ether futures trading. Having navigated through the volatile crypto market for years, I can attest to the importance of having diverse investment options at one’s fingertips. The ability to trade futures directly within the app is a game-changer, especially considering the convenience it offers compared to the traditional methods.
Robinhood intends to grow its operations by entering Bitcoin and Ether futures trading, which is part of their strategy to introduce additional derivative products and launch a fresh desktop trading platform.
Through an upcoming update to its application, the platform will enable users to directly trade futures contracts, such as those linked to the S&P 500, oil, bitcoin, and various other assets. This development, unveiled during the Robinhood Summit, signifies a substantial advancement in their services related to cryptocurrencies and derivatives.
we agree!
— Robinhood (@RobinhoodApp) October 17, 2024
Previously, it was announced that my investment platform was planning to utilize Bitstamp’s licenses to introduce CME-based Bitcoin and Ether futures in the U.S., as well as perpetual futures for Bitcoin and other cryptocurrencies in Europe. Yet, I made it clear back then that there were no imminent plans for such offerings.
Over the coming months, these financial products – Bitcoin Futures, Mini Bitcoin Futures, Bitcoin Futures for Fridays, Ether Futures, and Mini Ether Futures – will be accessible to our clients through the CME.
This development is important because Robinhood currently provides U.S. residents with access to Bitcoin and Ethereum ETFs, and they can buy these cryptocurrencies directly via their Robinhood Crypto branch. The decision to accommodate futures trading is noteworthy given the regulatory hurdles, such as a Wells notice from the SEC in May concerning its crypto division.
Moreover, it’s been mentioned that Robinhood might introduce their own stablecoin, but they have made it clear that there are currently no immediate intentions to create this product.
In addition to its futures offerings, Robinhood introduced their latest desktop trading application called “Robinhood Legend”. This tool is designed for frequent traders seeking a platform that offers extensive customization and access to index options.
As per Robinhood CEO Vlad Tenev, the latest app and the broadened futures services have been developed to give users more power to manage their own financial plans effectively.
Read More
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- AI16Z PREDICTION. AI16Z cryptocurrency
- A Palace x Nike Air Max DN8 Collab Is Rumored for 2025
- Amy Adams’ Nightbitch Has A Scene That Was So Disgusting, Crew Members Had To Leave The Room While They Filmed It
- Niecy Nash-Betts Tracks a Sinister Killer in ‘Grotesquerie’ Trailer
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- ‘Riders of Justice’, Mads Mikkelsen’s Underrated Action Movie, Is Now Streaming for Free
- Felicity Jones Has a Fresh (and Minimalist) Take on Method Dressing Trend at ‘The Brutalist’ Premiere
- When Dharmendra said Sunny Deol and Bobby Deol didn’t have affairs with heroines and were ‘innocent’, recalls Gadar 2 director Anil Sharma
- ‘Hunger Games’ Director Discusses Challenges of Casting Young Haymitch
2024-10-17 18:47