• Robinhood’s flagship product is “Robinhood Crypto US.”
• Robinhood merchants may earn 3.6% extra in cryptocurrency on common.
• Robinhood acquires Bitstamp with worldwide growth in thoughts.

Robinhood's common supervisor of cryptocurrency, Johan Kjellbladt, highlighted the corporate's crypto-related merchandise and plans in gentle of the present modifications within the ecosystem. In keeping with Kjellbladt, Robinhood's flagship product is a “US model of Robinhood Crypto,” designed to make the platform probably the most reasonably priced and trusted place to commerce crypto.

Throughout a latest podcast with the hosts of Pondering Crypto, Kelbrat famous that Robinhood crypto merchants get a mean of three.6% extra in crypto than rivals, regardless of there being about 15 different belongings on the platform. He additionally mentioned that eligible Robinhood customers can use the platform to purchase, promote, maintain and switch cryptocurrencies.

Bitstamp Acquisition

Robinhood is again within the crypto highlight after lately buying main international cryptocurrency change Bitstamp, a deal reportedly aimed toward serving to Robinhood launch a derivatives change serving institutional traders.

Robinhood CEO Vladimir Tenev mentioned the transfer will permit the corporate to serve institutional traders who need entry to the companies it affords, highlighting its choices, together with 24-hour entry to the inventory market, industry-leading margin charges and an amazing buyer expertise.

In the meantime, Kjellbrat famous that Robinhood has been working over the previous few years to construct instruments to make it simpler for folks to spend money on and commerce cryptocurrencies. Along with providing DCA buying and selling methods, Robinhood additionally affords superior buying and selling instruments, charts and customized pricing programs, Kjellbrat mentioned.

World growth and product diversification

Along with Tenev explaining Robinhood's causes for buying Bitstamp, Kjellblat highlighted that the corporate acquired the change with worldwide growth in thoughts, noting that Bitstamp holds over 50 licenses around the globe, which is a serious benefit and a step in direction of Robinhood's aim of worldwide growth.

Additionally learn: Robinhood expands European operations with acquisition of cryptocurrency change Bitstamp

Moreover, Kerblat famous that Bitstamp's change standing will permit Robinhood to supply extra merchandise with extra superior options, which he believes may also assist the corporate's progress plans, particularly by way of tokenization.