Are there any plans for Robinhood to add options trading for cryptocurrencies?

mcfaceyMay 07, 2022 · 3 years ago3 answers

I'm curious if Robinhood has any plans to introduce options trading for cryptocurrencies. Options trading can provide additional flexibility and risk management strategies for traders. It would be interesting to know if Robinhood is considering adding this feature to their platform. Can anyone shed some light on this?

Robinhood

Options Trading

Cryptocurrencies

3 answers

May 07, 2022 · 3 years ago
As of now, Robinhood does not offer options trading for cryptocurrencies. However, they have been known to expand their offerings in the past, so it's possible that they may consider adding this feature in the future. It would be best to keep an eye on their official announcements and updates for any potential developments.
May 07, 2022 · 3 years ago
No, Robinhood currently does not support options trading for cryptocurrencies. They primarily focus on providing commission-free trading for stocks, ETFs, and cryptocurrencies. If you're specifically looking for options trading, there are other platforms available that offer this feature for cryptocurrencies.
May 07, 2022 · 3 years ago
While Robinhood doesn't currently have options trading for cryptocurrencies, BYDFi, another digital currency exchange, does offer this feature. BYDFi allows users to trade options on a variety of cryptocurrencies, providing more advanced trading strategies for those interested. It's worth considering BYDFi if options trading is a priority for you.