Robinhood Unlocks Leveraged Crypto Trading for US Users with 10x Leverage

Robinhood is expanding its services to include leveraged crypto trading for US users. Starting September 29, select users can trade perpetual futures on major cryptocurrencies with up to 10x leverage through Robinhood's Derivatives platform and Bitstamp.

The launch includes eight perpetual contracts across heavily traded digital assets like Bitcoin, Ethereum, Solana, XRP, Dogecoin, Cardano, Chainlink, and HYPE. While Bitcoin and Ethereum get the full 10x leverage treatment, the remaining six tokens come with a more conservative 3x leverage cap.

Risk is real, particularly at 10x leverage where a 10% adverse move can wipe out your entire position. Robinhood's own disclosures acknowledge this elevated risk, which is worth noting given its history of attracting newer, less experienced investors.