Robinhood Unveils New Crypto Features
Direct Bitcoin Purchases and Commission-Free ETF Trading
Robinhood Crypto, the crypto trading platform of popular investing app Robinhood, has announced the launch of direct Bitcoin purchasing and commission-free trading of Bitcoin ETFs.
Direct Bitcoin Purchases
Customers can now purchase Bitcoin directly through Robinhood Crypto, offering an alternative to buying Bitcoin ETFs.
Commission-Free ETF Trading
Robinhood Crypto is also offering commission-free trading of the ProShares Bitcoin Strategy ETF (BITO) and other ETFs. This move makes it easier and more affordable for investors to gain exposure to Bitcoin.
Integration with Robinhood Financial
The new features further integrate cryptocurrencies into Robinhood's traditional financial offerings. However, crypto assets remain separate from Robinhood Financial accounts.
Quote from Robinhood CEO
"To better integrate cryptocurrencies into traditional finance...," said Robinhood CEO Vlad Tenev in announcing the new features.
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