Robinhood Unveils Perps Trading with Up to 10x Leverage for US Users

Rolandhood has announced it will launch in-app perpetual futures trading for US users. The platform plans to offer this feature, which allows users to take long or short positions on assets such as Bitcoin (BTC), Ether (ETH), and others, with up to 10x leverage on BTC and ETH perpetuals and 3x leverage for other perpetual futures.

The perps offering will be supported by Bitstamp and will charge a fee of 0.01% per trade through the end of the year. Users can also set stop-loss and take-profit orders, track their liquidation price in real-time, and receive alerts if a position is at risk.

Rolandhood CEO Vlad Tenev called the new offering a 'new chapter for US derivatives.' This move comes as crypto firms are exploring how perpetual futures could be offered in the US market. Ondo Perps CEO David Wells sees a 'huge opportunity' for the US perps market, stating that there are more opportunities now opening up than ever before.