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Are there any limitations or restrictions for trading cryptocurrencies premarket on Robinhood?

avatarJMowery007Dec 20, 2021 · 3 years ago3 answers

What are the limitations or restrictions for trading cryptocurrencies before the market opens on the Robinhood platform?

Are there any limitations or restrictions for trading cryptocurrencies premarket on Robinhood?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    Yes, there are limitations and restrictions for trading cryptocurrencies premarket on Robinhood. The platform only allows trading of cryptocurrencies during regular market hours, which are from 9:30 AM to 4:00 PM Eastern Time. This means that you cannot buy or sell cryptocurrencies before or after these hours. It's important to note that this restriction is specific to Robinhood and may not apply to other cryptocurrency exchanges.
  • avatarDec 20, 2021 · 3 years ago
    Trading cryptocurrencies premarket on Robinhood is not possible. The platform only supports trading during regular market hours. This limitation is in place to ensure fair and orderly trading. If you're looking to trade cryptocurrencies outside of regular market hours, you may need to consider using other cryptocurrency exchanges that offer extended trading hours.
  • avatarDec 20, 2021 · 3 years ago
    According to BYDFi, a digital currency exchange, Robinhood does not currently support premarket trading for cryptocurrencies. However, you can still place orders for cryptocurrencies before the market opens, and they will be executed once the market opens at 9:30 AM Eastern Time. It's important to be aware of this limitation if you're planning to trade cryptocurrencies on Robinhood.