A prominent trading platform, Robinhood’s latest Android update brings exciting new features for crypto trading. Now, Android users can set stop-loss and stop-limit orders, just like iOS users. This means users can automate their trades to avoid losses or lock in profits with ease.
These new tools enable traders to avoid losses or guarantee profits; it is a great improvement for Android users who did not have such opportunities before. This update is in line with Robinhood’s plans to improve its crypto offerings, which have gained significant traction among retail traders.
This update is likely to be well received especially given that Robinhood is still growing its user base. Through the synchronization of its Android and iOS features, Robinhood guarantees that the experience is similar on both platforms.
Besides these changes, Robinhood also broadened its crypto services to the U.S. Virgin Islands and Puerto Rico where users can trade 15 cryptocurrencies including Bitcoin and Ethereum. This move places Robinhood in better standing than competitors such as Coinbase in expanding to the U. S. territories.
Robinhood is now preparing to launch cryptocurrency futures in the United States and Europe with the help of Bitstamp licenses after acquiring the crypto exchange for $200 million. The company intends to start offering CME-based futures for Bitcoin and Ethereum and focus mainly on the American market.
Robinhood has recently released an update for Android users that adds critical stop-loss and stop-limit options that were only available on iOS. This enhances the app’s utility and positions it to meet the evolving demands of the cryptocurrency trading community.
Also Read: Robinhood Reports 161% Surge in Crypto Revenue for Q2
