Robinhood plans to launch Altcoin contracts and reduce fees to enhance its market competitiveness.
TL;DR
Robinhood is introducing lower fees and higher leverage for altcoin futures in the US and EU to attract more high-volume crypto traders, with fees as low as 0.03% and up to 7x leverage on new trading pairs.
Tags
According to Foresight News , citing The Block, Robinhood has announced plans to attract more high-level, high-volume cryptocurrency traders in the US and EU by launching new features including lower fees and increased leverage for Altcoin futures. In a statement, the company said it has expanded its available fee tiers in the US from three to seven, "offering rates as low as 0.03% for high-volume users." In the EU, users wishing to trade perpetual futures can now trade new trading pairs for XRP, DOGE, SOL, and SUI, with eligible clients able to trade with leverage up to 7x.