Online brokerage Robinhood has announced the expansion of its services, which now includes Bitcoin and Ethereum futures trading and the launch of the new Legend trading platform.
Cryptocurrency Futures by Robinhood
During its first-ever HOOD Summit conference, Robinhood announced the introduction of Bitcoin and Ethereum futures trading, including micro futures. This move marks the company's first foray into crypto futures.
Benefits for Robinhood Customers
Robinhood customers will enjoy the convenience of one-tap trading and no PDT rules, as well as favorable tax conditions with a 60/40 tax rate. Trading will be available nearly 24 hours a day, providing users with flexibility in responding to market movements.
Launch of Legend Platform
The Legend platform, designed for more experienced traders, offers up to eight charts in a single window and a broader range of technical indicators. This is part of the company's efforts to expand its services in Europe, including crypto transfers.
The launch of new services and the Legend platform brings significant diversity to Robinhood's offerings, although recent events have not prevented the company's stock price from declining.
