Robinhood has enhanced its crypto trading services by expanding fee tiers in the US from three to seven, offering high-frequency traders a minimum fee of 0.03%. In Europe, the platform has introduced perpetual contract trading pairs for XRP, SOL, DOGE, and SUI, with leverage up to 7x for eligible users. Additionally, Robinhood has launched ETH and SOL staking for New York users.
Starting December 22, US users will be able to manually add crypto deposit cost bases to maintain tax compliance and track profit/loss. The company reported a 129% year-over-year increase in third-quarter trading revenue, with crypto revenue surging over 300% to $268 million. Robinhood attributes the growth to users prioritizing security amid recent market events.
Robinhood Expands Crypto Offerings with Lower Fees and New Trading Pairs
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