📊 10x leverage on bitcoin, inside a U.S. broker's app
On 29 September Robinhood laid out its line-up for active traders. The crypto part of it is perpetual futures.
Before
A U.S. trader who wanted perps went to an offshore venue or an onchain exchange. The brokerage account stayed for stocks.
Now
The contracts come from Robinhood Derivatives through Bitstamp: eight assets (BTC, ETH, SOL, XRP, DOGE, ADA, LINK, HYPE), up to 10x leverage on bitcoin and ether and 3x on the rest, one basis point per trade through the end of the year. The app promises stop-loss and take-profit orders, a live liquidation price and an alert when a position is at risk.
No date: «in the coming months», «eligible U.S. customers». Weekend equities trading is a plan too, and the same text marks it as pending regulatory review. Nothing to trade today.
#analysis
🔗 My channels: Youtube • X • Site
On 29 September Robinhood laid out its line-up for active traders. The crypto part of it is perpetual futures.
Before
A U.S. trader who wanted perps went to an offshore venue or an onchain exchange. The brokerage account stayed for stocks.
Now
The contracts come from Robinhood Derivatives through Bitstamp: eight assets (BTC, ETH, SOL, XRP, DOGE, ADA, LINK, HYPE), up to 10x leverage on bitcoin and ether and 3x on the rest, one basis point per trade through the end of the year. The app promises stop-loss and take-profit orders, a live liquidation price and an alert when a position is at risk.
No date: «in the coming months», «eligible U.S. customers». Weekend equities trading is a plan too, and the same text marks it as pending regulatory review. Nothing to trade today.
#analysis
🔗 My channels: Youtube • X • Site