Robinhood Teases Launch of Bitcoin, Oil, and Gold Futures Trading
The post Robinhood Teases Launch of Bitcoin, Oil, and Gold Futures Trading appeared on BitcoinEthereumNews.com.
Robinhood Sparks Excitement by Teasing Upcoming Launch of Bitcoin, Oil, and Gold Futures Trading, Set to Revolutionize the Market. “Futures trading with our new intuitive trading ladder is coming soon to Robinhoo,” it shared in a recent X post. In addition to bitcoin, oil, and gold, the new service will let customers trade S&P 500, USD, and EUR futures, according to Robinhood. The stock trading and investing platform has been expanding its crypto offerings. Earlier this month, the platform began allowing customers to trade the Official Trump memecoin. Although Robinhood provides fewer trading options compared to many competitors, it listed popular tokens like SOL, ADA, XRP, and PEPE following Donald Trump’s election victory in November. Previously, the exchange had stopped support for Solana, Cardano, and XRP in 2023 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 around 20 cryptocurrencies, including Bitcoin and Ether, to and from other platforms like exchanges or wallets. Robinhood To Acquire Bitstamp The company is also set to complete its acquisition of crypto exchange Bitstamp in the first half of 2025. Bitstamp’s core spot exchange, which features more than 85 tradable assets and is popular in Europe and Asia, will significantly enhance Robinhood’s crypto offerings. This will support Robinhood’s cryptocurrency revenues as new investors will be attracted to cryptocurrencies to boost their returns and leverage the benefit of diversification as an asset class. Over the last four years (2019-2023), the company’s cryptocurrency revenues witnessed a compound annual growth rate (CAGR) of 94.2%. Robinhood Markets Inc. (HOOD) shares hit an all-time high of $52.06 on Friday, but concerns over DeepSeek led to a broader market sell-off, causing the stock to drop below $50. Source: https://coinpedia.org/news/robinhood-teases-launch-of-bitcoin-oil-and-gold-futures-trading/
Filed under: News - @ January 29, 2025 7:24 pm