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Are there any limitations on buying digital assets on Robinhood before the market opens?

avatarAnkit ChowdharyDec 16, 2021 · 3 years ago3 answers

What are the limitations on buying digital assets on Robinhood before the market opens? Can I place orders for digital assets on Robinhood before the market opens? Are there any restrictions or specific rules that apply to buying digital assets on Robinhood during pre-market hours?

Are there any limitations on buying digital assets on Robinhood before the market opens?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, there are limitations on buying digital assets on Robinhood before the market opens. During pre-market hours, which typically start at 4:00 AM EST, you can place orders for digital assets on Robinhood, but they will not be executed until the market opens at 9:30 AM EST. This means that you can set your desired price and quantity for a digital asset, but the order will not be filled until regular trading hours begin.
  • avatarDec 16, 2021 · 3 years ago
    Buying digital assets on Robinhood before the market opens is possible, but there are some restrictions. You can place orders, but they will be queued and executed when the market opens. It's important to note that the price of a digital asset can change significantly between pre-market and regular trading hours, so it's always a good idea to monitor the market closely if you plan to buy or sell during pre-market hours.
  • avatarDec 16, 2021 · 3 years ago
    Before the market opens, Robinhood allows users to place orders for digital assets, but these orders will not be executed until the market opens. This means that you can set your desired price and quantity, but the actual purchase or sale will not happen until regular trading hours. It's important to keep in mind that the availability and liquidity of certain digital assets may be limited during pre-market hours, so it's always a good idea to check the market conditions before placing an order.