Robinhood Unleashes 10x Leverage on Crypto Perpetuals in US Market

Robinhood, the popular trading platform, has begun rolling out its cryptocurrency perpetuals product in the US market. This move comes after the company faced significant backlash from regulators and lawmakers over its previous crypto offerings.

The new perpetuals product will allow users to trade cryptocurrencies with up to 10 times leverage, giving them more flexibility in their trades.

This development marks a significant step forward for Robinhood's crypto ambitions, but it also raises concerns about the potential risks of high-leverage trading. Critics have long warned that such products can be particularly volatile and lead to massive losses for investors.