Robinhood has introduced new features in its latest Android update, bringing advanced crypto trading tools to the platform. Android users can now utilize stop-loss and stop-limit orders, giving them the ability to automate trades, protect against losses, and secure profits — capabilities that were previously only available on iOS.
These stop orders allow traders to set predefined price levels at which trades will be executed, helping them manage risk in the volatile cryptocurrency market. This update is part of Robinhood’s broader strategy to enhance its crypto offerings, which have seen increasing popularity among retail traders.
In addition to the platform upgrade, Robinhood has expanded its cryptocurrency services to the U.S. Virgin Islands and Puerto Rico. Users in these territories can now trade 15 cryptocurrencies, including Bitcoin and Ethereum. This expansion puts Robinhood ahead of some competitors, such as Coinbase, in reaching U.S. territories.
Looking ahead, Robinhood plans to offer cryptocurrency futures trading in the U.S. and Europe, following its acquisition of crypto exchange Bitstamp for $200 million. By securing Bitstamp licenses, Robinhood is preparing to launch CME-based Bitcoin and Ethereum futures, with a focus on the American market.
The new Android update solidifies Robinhood’s commitment to meeting the evolving demands of crypto traders, offering a more seamless experience across both Android and iOS platforms.
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