Robinhood Markets has expanded buying and selling choices for cryptocurrency customers in Europe whereas chopping charges for high-volume merchants in the US. The brokerage platform added perpetual futures contracts for 4 digital belongings within the European Union and restructured its price system domestically.
What Occurred: Platform Growth
Robinhood introduced perpetual futures pairs for XRP, Solana, Dogecoin and Sui within the European Union.
Eligible merchants can entry as much as 7x leverage on these contracts.
The corporate restructured its U.S. price system from three tiers to seven. Excessive-volume merchants now pay as little as 0.03% in charges.
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Why It Issues: Income Progress
Transaction income surged 129% year-over-year within the third quarter. Crypto buying and selling income jumped greater than 300% throughout the identical interval.
Market volatility, together with October’s flash crash, pushed merchants towards regulated platforms. Robinhood enabled Ethereum and SOL staking for New York clients. U.S. customers will be capable of manually alter value foundation for crypto deposits beginning Dec. 22.
European Union customers will achieve entry to cash market funds by companions like J.P. Morgan. They may also be capable of commerce over 1,000 inventory tokens.
Robinhood Markets shares traded 2.3% larger following the announcement.
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