Robinhood is launching Bitcoin futures trading, increasing its offerings in crypto assets, including oil and gold.
Robinhood's New Trading Offerings
Robinhood is entering the futures trading market with the announcement of the upcoming launch of Bitcoin futures. This statement is supported by an update on the company’s official website: 'Futures trading with our new intuitive trading ladder is coming soon to Robinhood.'
Expansion of Services in Europe
Earlier this month, Robinhood Crypto launched its services in Spain, enabling users to trade, stake, and invest in cryptocurrencies directly on the platform. This initiative is part of Robinhood's strategy to strengthen its presence in the European Union.
Strengthening Market Position in Crypto
Robinhood has been gradually expanding its selection of crypto assets to keep pace with competitors like Coinbase and Kraken. In October, Robinhood Crypto introduced a feature that allows European customers to transfer Bitcoin and nearly 20 other cryptocurrencies to external wallets or exchanges.
These initiatives signal Robinhood’s commitment to strengthening its position in the global cryptocurrency market and providing users with more diverse investment options.
