Robinhood Legend: The Popular Trading Platform Expands Its Offerings by Introducing Bitcoin and Ethereum Futures

Robinhood, the popular trading platform, is set to expand its offerings by introducing Bitcoin and Ethereum futures. This move aims to attract seasoned traders and

Robinhood is adding Bitcoin and Ethereum futures to its platform, a move that aims to attract seasoned traders and provide more sophisticated trading tools and options.

The exchange announced the new futures offerings at its inaugural customer conference, the HOOD Summit, on Wednesday.

In addition to the futures products, Robinhood also unveiled its new desktop platform, Robinhood Legend.

The platform is designed for active traders and offers advanced charting tools, customizable layouts and real-time data. It aims to address frustrations with legacy offerings by providing a modern, intuitive active trading experience.

Robinhood's new futures offerings will include Bitcoin contracts, micro Bitcoin futures, Bitcoin Friday futures, Ethereum futures and micro Ethereum futures.

The products are designed to make futures trading more accessible to retail and smaller-scale investors.

Bitcoin Friday futures will expire on the last Friday of each month, while standard Bitcoin futures will expire on the third Friday of each month.

The exchange is also offering competitive pricing for futures trades. Gold subscribers will pay just $0.50 per contract, while non-Gold users will incur a fee of $0.75.

This pricing is significantly lower than that of other exchanges, such as CME Group's Micro Bitcoin futures, which carry a fee of $1.00 per contract.

The move into futures trading is part of a broader strategy by Robinhood to enhance its crypto services.

Earlier this month, Robinhood Crypto announced that it will introduce crypto transfers for its customers in Europe.

This will allow users to withdraw crypto to self-custodial wallets or third-party platforms, further enhancing the platform's appeal to crypto enthusiasts.

With the introduction of Bitcoin and Ethereum futures and the launch of Robinhood Legend, Robinhood is making significant strides to attract seasoned traders and provide a more comprehensive trading experience.

As the crypto market continues to evolve, Robinhood's latest offerings position it as a formidable player in the industry.

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