With these additions, Robinhood now offers 19 different cryptocurrencies for trading.
The decision from Robinhood to add these new coins comes after listening to feedback from its customers, who have been asking for more choices.
Why This Matters
“We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering,” said Johann Kerbrat, Vice President and General Manager of Robinhood Crypto. By adding coins like SOL, PEPE, ADA, and XRP, Robinhood aims to keep things updated.
Johann Kerbrat also highlighted that Robinhood wants to open doors for everyone, especially those who might feel left out by traditional banks and financial services. “With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system,” he said. In other words, Robinhood sees crypto as a way to include more people in the financial world, offering a chance for anyone to start building wealth.
GM. Solana ($SOL), Pepe ($PEPE), XRP ($XRP), and Cardano ($ADA) are now available to trade on Robinhood.https://t.co/CBj6uKDkAZ pic.twitter.com/48wXE9zs8V
— Robinhood (@RobinhoodApp) November 13, 2024
With these new additions, Robinhood now has a total of 19 cryptocurrencies available to trade on its platform. This gives users a broader choice and allows them to explore different types of coins. Whether they’re interested in serious investing or just having fun with trending tokens.
More About Robinhood
Robinhood has rolled out new, lower-margin interest rates, making it more affordable for users to borrow funds for investing. With rates now starting as low as 4.95% and capped at 6%, Robinhood’s margin rates are highly competitive. This beats out major players like Interactive Brokers Lite, E*TRADE (Morgan Stanley), and Schwab.
ICYMI, we dropped our Margin rates again.
Check it out: https://t.co/oil1LbiHEm https://t.co/4iV8j2MHVz— Robinhood (@RobinhoodApp) November 12, 2024
This change marks a significant drop from Robinhood’s previous standard rate of 12%. This gives investors more bang for their buck when using margin.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Robinhood Adds SOL, PEPE, ADA & XRP appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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