September 30, 02:58

Robinhood plans US perps and weekend stock trading

Robinhood to launch perps, weekend stock trading for US users

The Block

Robinhood plans to launch in-app perpetual futures trading for eligible U.S. users in the coming months. Users will be able to take long or short positions in bitcoin, ether, Solana, XRP, Dogecoin, ADA, LINK and HYPE. Robinhood plans to offer up to 10x leverage on bitcoin and ether perpetuals. It plans up to 3x leverage on other perpetual futures. Robinhood said Bitstamp will support the offering. The company said it will charge 0.01% per trade through the end of the year. Users will be able to set stop-loss and take-profit orders, track liquidation prices and receive risk alerts. Robinhood CEO Vlad Tenev said the contracts will have no expiry and gains and losses will be settled every 15 minutes. Robinhood also plans 24/7 trading for a curated list of U.S. stocks and exchange-traded funds, pending regulatory review. Bruce ATS will support the weekend trading. Robinhood's existing 24 Hour Market runs from Sunday at 8pm ET through Friday at 8pm ET. The company introduced Robinhood Agents, which lets users build AI agents within its app for research, strategy development or automated trading. Robinhood launched a service in May that lets customers connect third-party AI agents. The company said more than 150,000 users have opened agentic trading accounts since that launch. Robinhood said the agents use its tools nearly 30 million times a day.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.