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Robinhood Introduces 10x Leverage on Bitcoin and Ether – What Does It Mean for a Market That Just Suffered $478 Million in Liquidations?

Robinhood Introduces 10x Leverage on Bitcoin and Ether – What Does It Mean for a Market That Just Suffered $478 Million in Liquidations?

Robinhood just handed US traders the ability to control 10 times their money in Bitcoin and Ether, and the timing could not be more loaded. With hundreds of millions already wiped out in a single day of crypto liquidations, the…

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Robinhood (NASDAQ: HOOD | HOOD Price Prediction) is preparing to let US traders trade Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH) with up to 10x leverage. This announcement comes just a day after the cryptocurrency market saw significant liquidations totaling $478 million. The company revealed its new Robinhood perpetual futures at the HOOD Summit on September…

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