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COINTURK NEWS > Cryptocurrency News > Robinhood Expands Trading Options by Introducing Bitcoin and Ethereum Futures
Cryptocurrency News

Robinhood Expands Trading Options by Introducing Bitcoin and Ethereum Futures

In Brief

  • Robinhood introduces Bitcoin and Ethereum futures to enhance trading options.

  • The new desktop platform “Legend” improves user trading experience significantly.

  • Future revenue growth is expected to increase with new product offerings.

Fatih Uçar
Fatih Uçar 7 months ago
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Robinhood, known for commission-free stock trading, announced the introduction of Bitcoin $103,555 and Ethereum $2,495 futures. Along with this innovation, the company launched a new trading platform called “Legend” for desktop users. Additionally, it added futures and index options for active investors on its mobile application. These moves highlight the company’s goal of strengthening its presence in the cryptocurrency market.

Contents
Trading Becomes Easier with Desktop Platform and Mobile AppWhat to Expect in the Future?

Trading Becomes Easier with Desktop Platform and Mobile App

To further enhance the trading experience, Robinhood unveiled the “Legend” platform for desktop users. This new platform allows users to open up to eight different charts simultaneously. It also provides more technical indicators, enabling users to analyze their trading strategies more comprehensively. This initiative by Robinhood is seen as a significant step to meet investors’ expectations in a competitive market.

The company has also made its mobile application more functional by adding features such as futures and index options for active investors. Users can perform transactions without commission and without being subject to the Pattern Day Trader (PDT) rules.

What to Expect in the Future?

Robinhood’s financial growth potential continues to rise with new products and services. Private wealth management firm Bernstein expects the company to generate $900 million in revenue this year, with a market value estimated between $19 billion and $23 billion. For 2024, Robinhood’s revenues are projected to reach $3.4 billion. The company aims to accelerate its growth by attracting more investors into the financial markets with these new initiatives.

Robinhood continues to attract user interest with its innovative products, especially in the cryptocurrency markets. These new services provided by the company will enable investors to manage their financial futures more effectively.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 17 October, 2024 - 3:05 pm 17 October, 2024 - 3:05 pm
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