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Robinhood launches a new cryptocurrency offering for its users

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Robinhood cryptocurrency

Robinhood Launches New Cryptocurrency Offering

Robinhood, the leader in commission-free trading and investing, just announced it is entering the cryptocurrency space. This new offering will allow its users to invest in, and trade, the most popular cryptocurrencies on its platform.

New Cryptocurrency Offerings

Skip the crypto-mining – Robinhood offers a new way to easily access some of the world’s most popular cryptocurrencies. Currently, users can begin trading Bitcoin, Ethereum and other leading coins. Additional coins may be added soon.

Instant Deposits and Post-Only Limit Orders

With Robinhood’s new cryptocurrency offerings, users will have access to Instant Deposits, which will allow them to make deposits up to $1,000 per week using their bank accounts, credit, or debit cards. Robinhood is also introducing Post-Only Limit Orders, which allow customers to input and hold orders without execution.

Advanced Trading Features and Insured Custody

These new features will be supported by advanced trading features like margin, as well as insured custody through a leading cryptocurrency custodian. This helps protect from third-party hacks and fraudulent activity.

No Fees or Commissions

One of the features that sets Robinhood apart is their commitment to no fees or commissions. Cryptocurrency trading will be no different – allowing customers to trade and invest in the cryptocurrency market without paying any fees on transactions.

Conclusion

Robinhood’s new offering provides a safe and accessible way for users to enter and trade in the cryptocurrency market. With no fees or commissions, instant deposits and post-only limit orders, Robinhood is making cryptocurrencies more accessible than ever. Today, popular stock trading app Robinhood announced the addition of cryptocurrency trading to its platform.

Users of the platform have long been asking for the ability to buy and sell digital assets, and now the company has finally fulfilled their requests.

Starting in February 2021, the Robinhood app will feature a cryptocurrency offering that allows investors to purchase, sell, and store multiple currencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin.

The app also features a “learn” section that allows investors to get an introduction to the world of cryptocurrency trading, as well as additional advanced tutorials for more experienced traders.

The company hopes that its platform will further the democratization of finance, allowing anyone with a smartphone to safely and affordably invest in digital assets—regardless of their technical expertise.

In addition to the cryptocurrency offering, Robinhood also announced plans to launch a digital wallet to securely store digital assets.

The app will also feature an advanced portfolio tracking tool to help investors understand the performance of their chosen digital assets.

All of these new features will be available on the Robinhood platform free of charge to its users, making it one of the most affordable options for investing in digital assets.

The launch of the cryptocurrency offering will bring Robinhood’s mission to democratize finance closer to reality. By providing users with an easy and affordable way to invest in digital assets, the platform hopes to level the playing field and provide everyone with a safe and secure way to invest.

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