Robinhood Targets Seasoned Traders
With Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Futures,
New Desktop Platform
Robinhood Targets Seasoned Traders With Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Futures, New Desktop Platform
Robinhood told Decrypt on Wednesday its futures offerings via its trading app
is expected in the “coming months.”
By Sebastian Sinclair
Oct 17, 2024 Oct 17, 2024
2 min read
Robinhood. Image: Shutterstock
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Robinhood is expanding its reach into the futures market by adding Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum alongside oil and the S&P 500• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » S&P 500 index as part of its broader
strategy to attract seasoned traders.
A Robinhood spokesperson told Decrypt on Wednesday its futures offerings via
its trading app is expected in the “coming months.”
The offerings will include Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin contracts, micro Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin futures, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Friday futures, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum futures, and micro Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum futures, the spokesperson
said.
Micro futures are smaller contracts designed to make futures trading more
accessible to retail and smaller-scale investors.
The announcement was made during Robinhood’s first-ever customer conference,
HOOD Summit, where the company introduced its new desktop platform, Robinhood
Legend.
The platform is designed specifically for active traders, aiming to offer
sophisticated tools and real-time data, including the ability to trade futures
and index options directly from the app.
Robinhood is positioning its focus on derivatives as a bid to compete with
established players like Charles Schwab and Morgan Stanley• Объект организация » Организации по алфавиту » Организации на Mo » Morgan Stanley’s E*TRADE, which
already offer crypto futures.
It comes as the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта continues to heat up, with the price of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
approaching its all-time high, near $73,700.
“With some of the lowest fees in the industry and an elegant mobile interface,
there will be no reason to trade futures anywhere else,” JB Mackenzie,
Robinhood’s vice president and general manager of Futures and International
said in a statement.
Gold subscribers will be able to trade futures for as low as $0.50 per
contract, while non-Gold users will pay $0.75, undercutting traditional
brokerages.
The move is expected to drive further interest among cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта traders
looking for more sophisticated exposure to assets like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.
Robinhood Legend, meanwhile, will offer advanced charting tools, customizable
layouts, and real-time data.
“By talking with active traders, we realized there is frustration with legacy
offerings,” Steve Quirk, chief brokerage officer at Robinhood, said in the
statement.
“Moving back and forth between apps or charting platforms can be cumbersome
and time-consuming. We set out to reimagine what a modern, intuitively
designed active trading platform should look like,” he added.
The platform will further support futures and index options trading as it
continues to roll out through 2024.
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