Robinhood Rolls Out Crypto Perps with Up to 10x Leverage to US Traders
Robinhood has started rolling out crypto perpetual futures to its US traders, allowing them to take leveraged long or short positions without periodically replacing expiring futures. The company announced eight supported assets: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), and Hype (HYPE).
The perpetual futures will have up to 10 times leverage for BTC and ETH, and 3x leverage for the other six assets. The contracts trade around the clock and are offered by Robinhood Derivatives through Bitstamp.
Rather than having a distant expiry date, these contracts have no expiration dates, removing a scheduled expiration but still carrying the risk of liquidation. Customers can track their liquidation price in real-time, receive risk alerts, and set stop-loss and take-profit orders.