The post Robinhood Announces Bitcoin and Ethereum Futures Trading, Launches ‘Legend’ appeared on BitcoinEthereumNews.com.

Robinhood, a commission-free stock trading and investing platform, has announced Bitcoin and Ethereum futures trading. The company has also launched the desktop trading platform ‘Legend‘ and added futures trading and index options on mobile for active traders. Robinhood to Offer Bitcoin and Ethereum Futures Trading Robinhood kicks off its first-ever customer-focused conference HOOD Summit in style by announcing several products and services. It launched the long-awaited desktop platform ‘Legend‘ and added futures and index options trading features to its mobile app on Wednesday. It also announces HOOD Week, offering exclusive bonuses to users for transfers from external brokerages. The company said they are launching futures trading directly in the app, enabling customers to trade the S&P 500, oil, Bitcoin, and more in the coming months. The crypto offerings include Bitcoin contracts, micro Bitcoin futures, Bitcoin Friday futures, Ethereum futures, and micro Ethereum futures. We’re doing futures the Robinhood way,” said JB Mackenzie, VP and GM of Futures and International at Robinhood. “With some of the lowest fees in the industry and an elegant mobile user interface that allows customers to trade simply, quickly, and efficiently, there will be no reason to trade futures anywhere else.” Customers will be able to trade with one tap and no PDT rules, enjoy low commissions, get 60/40 tax treatment, and trade in a nearly 24-hour trading window. Recently, the company launched crypto transfers in Europe, enabling users to deposit and withdraw more than 20 cryptocurrencies and also earn a 1% yield on deposits. However, it excluded XRP, TON, ZK, W, ARB, ATOM, DOT, EOS, FTM, JUP, NEAR, OP, & TIA from service. Legend Desktop Platform To Boost Markets? The company continues to expand into the financial services industry, with focus now on derivatives as a bid to compete with established players. The Legend platform…

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Filed under: News - @ October 17, 2024 10:23 am