Robinhood Android Update Adds Stop Orders for Crypto Trading

A distinguished buying and selling platform, Robinhood’s newest Android replace brings thrilling new options for crypto buying and selling. Now, Android customers can set stop-loss and stop-limit orders, identical to iOS customers. This implies customers can automate their trades to keep away from losses or lock in earnings with ease.

These new instruments allow merchants to keep away from losses or assure earnings; it’s a nice enchancment for Android customers who didn’t have such alternatives earlier than. This update is in step with Robinhood’s plans to enhance its crypto choices, which have gained important traction amongst retail merchants.

This replace is prone to be nicely obtained particularly provided that Robinhood continues to be rising its person base. By means of the synchronization of its Android and iOS options, Robinhood ensures that the expertise is comparable on each platforms.

In addition to these modifications, Robinhood additionally broadened its crypto companies to the U.S. Virgin Islands and Puerto Rico the place customers can commerce 15 cryptocurrencies together with Bitcoin and Ethereum. This transfer locations Robinhood in higher standing than rivals reminiscent of Coinbase in increasing to the U. S. territories.

Robinhood is now making ready to launch cryptocurrency futures in america and Europe with the assistance of Bitstamp licenses after buying the crypto trade for $200 million. The corporate intends to start out providing CME-based futures for Bitcoin and Ethereum and focus primarily on the American market.

Robinhood has lately launched an replace for Android customers that provides important stop-loss and stop-limit choices that have been solely out there on iOS. This enhances the app’s utility and positions it to satisfy the evolving calls for of the cryptocurrency buying and selling neighborhood.

Additionally Learn: Robinhood Reports 161% Surge in Crypto Revenue for Q2