Robinhood Markets, Inc. has announced the rollout of in-app futures trading, allowing users to trade contracts based on the S&P 500, oil, and Bitcoin.
This latest addition to the platform comes as part of a broader effort to attract seasoned traders by providing advanced tools at competitive fees.
The company’s mobile app now supports futures and index options trading, giving users access to high-demand assets like Bitcoin and S&P 500 futures, traditionally dominated by larger financial institutions.
The move is accompanied by the launch of Robinhood Legend, a desktop platform aimed at active traders. It offers real-time data, customizable layouts, and advanced charting capabilities.
Robinhood Gold members benefit from trading futures contracts with fees as low as 50 cents per contract, while non-Gold members pay 75 cents. Index options are similarly competitive, with fees set at 35 cents for Gold members
With its user base of 11.8 million monthly active users, Robinhood aims to compete directly with established brokerages like Schwab and Morgan Stanley.
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