Robinhood targets savvy crypto traders with lower fees, more leverage for XRP, SOL and DOGE futures

Robinhood is launching new features aimed at attracting advanced, high-volume crypto traders in the U.S. and EU. In the U.S., the platform expanded its fee tiers to seven, offering rates as low as 0.03% for high-volume users. In the EU, eligible customers trading perpetual futures can now access new pairs for XRP, SOL, DOGE, and SUI with up to 7x leverage. Robinhood's SVP and GM of Crypto, Johann Kerbrat, acknowledged that the platform was previously categorized as being for smaller traders but stated they are now focusing on winning over this more advanced segment, noting that market shocks have caused traders to migrate to Robinhood for safety due to regulatory concerns at other exchanges. Furthermore, Robinhood is adding ETH and SOL staking for New York customers, cost basis tracking for tax purposes for U.S. customers, and plans to offer access to money market funds and over 1,000 stock tokens for European customers soon.

(Source：The Block)