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Robinhood Introduces Bitcoin and Ethereum Futures Trading

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2 hours ago

Robinhood broadens its trading portfolio by offering Bitcoin and Ethereum futures, alongside a new desktop platform called 'Legend'.

New Desktop Platform

The 'Legend' platform allows users to view up to eight charts concurrently, using various technical indicators for detailed analysis of trading strategies. This innovation addresses investor demands in a competitive environment.

Mobile App Features

Robinhood’s mobile app now includes futures and index options for frequent traders, enabling commission-free transactions and bypassing the Pattern Day Trader (PDT) rules.

Financial Forecasts and Strategy

Robinhood’s recent initiatives are expected to enhance its financial performance, with analysts from Bernstein estimating revenue of $900 million this year and potential growth to $3.4 billion by 2024.

Through these strategic additions, Robinhood aims to broaden its investor base and fortify its position in the evolving cryptocurrency trading market.

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