HomeTradingRobinhood Expands Into Bitcoin Futures and Multi-Asset Derivatives Markets - Crypto-News.net

Robinhood Expands Into Bitcoin Futures and Multi-Asset Derivatives Markets – Crypto-News.net

- Advertisement -spot_img


Robinhood expands into bitcoin futures and multi-asset derivatives markets with an intuitive trading platform and low commissions. Learn more about its latest offerings.

Robinhood’s Strategic Move to Compete with Wall Street Titans

Robinhood is making a bold move by expanding its product offerings into bitcoin futures and multi-asset derivatives. This new step is designed to challenge established players like Charles Schwab and diversify Robinhood’s existing ecosystem of trading services.

Bitcoin Futures Trading Platform to Launch Soon

The company recently announced on social media platform X that its new futures trading platform, which includes an intuitive “trading ladder,” will launch soon. In a corporate blog post, Robinhood revealed its expansive product catalog, which includes bitcoin (BTC), EUR/USD currency pairs, gold contracts, S&P 500 and Nasdaq 100 indices, crude oil derivatives, and equity futures. The new platform promises some of the lowest commissions in the market, along with free, real-time market data, although conditions apply.

Equity Index Futures and Trading Hours

Robinhood is offering equity index futures in micro form, providing traders with greater precision in their positions. Robinhood Derivatives, LLC will handle futures and cleared swaps trading. Additionally, the platform will extend its trading hours, allowing for more flexible access to global markets.

Tax Advantage for Futures Traders

The platform also highlighted a potential tax benefit for futures traders, with a 60/40 tax arrangement where 60% of gains could qualify for long-term capital gains rates. However, this advantage is subject to specific conditions.

With the introduction of futures trading, Robinhood is positioning itself to further compete with Wall Street giants and attract traders looking for greater flexibility in their investments. As the launch date approaches, users are encouraged to stay updated on the platform’s offerings.



Source link

- Advertisement -spot_img
- Advertisement -spot_img
Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read
- Advertisement -spot_img
Related News
- Advertisement -spot_img