Robinhood Unveils Crypto Perps with 10x Leverage, AI Trading Agents

Retail brokerage Robinhood is expanding its cryptocurrency offerings and introducing AI-powered trading agents in its app, as part of a broader effort to enhance user experience. The company announced that eligible U.S. customers will be able to trade crypto perpetual futures with up to 10x leverage on popular assets like BTC, ETH, SOL, XRP, DOGE, ADA, LINK, and HYPE.

The perps, offered through Robinhood Derivatives in partnership with Bitstamp, will allow traders to go long or short without an expiry date. The service is set to be launched over the next few months, with a one basis point (0.01%) fee on each trade until year-end.

Robinhood also unveiled its AI trading agents, called Robinhood Agents, which will enable customers to build and manage their own AI-powered trading strategies without requiring technical expertise. Users can select from pre-built models or customize their own using tools like OpenAI, and the agent will be able to research markets, draft strategies, and place trades on behalf of the user.

The company further announced plans to introduce 24/7 trading for a curated list of U.S. stocks and ETFs through its alternative trading system Bruce ATS, pending regulatory review. This expansion is part of Robinhood's goal to become the go-to platform for active traders, offering tools previously reserved for institutional investors.