The post Robinhood Unveils Major Update For Android Crypto Traders appeared on BitcoinEthereumNews.com.

Robinhood has rolled out new options for crypto trading through the Android app, including stop-loss and stop-limit orders. This update brings the Android users in line with the iOS users, allowing both to set automated actions based on price action that reduces risk. Robinhood Unveils Major Update For Android Users Robinhood has added new order types to its Android app, which allows the users to have more control over their trading activities in cryptocurrencies. The latest feature added to the Android application is the stop-loss and stop-limit orders which enable traders to set up an automatic sell or buy order at certain price levels. GM. Advanced order types are now available to Robinhood Crypto users on Android 🚨 Now customers on both iOS and Android can set stop-loss and stop-limit orders based on price movements. More about Robinhood Crypto at https://t.co/GEaCzul9Dh — Robinhood (@RobinhoodApp) August 20, 2024 These tools are aimed at allowing traders to minimize losses or lock in profits, something that was not possible before on the Android app. Including these order types brings the feature set of the Android app in line with that of the iOS app, thus providing the users with similar experience on both platforms. The new features are part of Robinhood’s strategy to expand the service of cryptocurrencies which have been in high demand among the retail investors. The company’s model of offering zero-fee trades has helped it attract new and seasoned investors, especially those interested in the crypto space. Consequently, the users of the platform are likely to be receptive to this update given that the platform’s user base is continuously increasing. Expansion into New U.S. Territories In July, Robinhood Crypto expanded its services to include three new U.S. territories: the U.S. Virgin Islands and Puerto Rico. This expansion allows users in…

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Filed under: News - @ August 21, 2024 5:18 am