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Robinhood is launching futures trading for Bitcoin, oil, gold, S&P 500, USD, and EUR, using a new "intuitive trading ladder."
This move expands Robinhood's crypto offerings, following recent additions like the Trump memecoin and the ability for European users to transfer crypto.
The upcoming Bitstamp acquisition in 2025 will further boost Robinhood.
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
robinhood - [email protected] Centralised ExchangeDecentralised Exchange 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
bitstamp - [email protected] Centralised Exchange 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.
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Despite the drop, Robinhood’s plans to expand its offerings show its commitment to growth in an increasingly competitive market.