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Is it possible to trade options for cryptocurrencies on Robinhood and how can I enable it?

avatarLob MandalDec 18, 2021 · 3 years ago1 answers

I'm interested in trading options for cryptocurrencies on Robinhood. Can I do that? And if so, how can I enable it?

Is it possible to trade options for cryptocurrencies on Robinhood and how can I enable it?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, you can trade options for cryptocurrencies on Robinhood. Robinhood is a popular platform that offers commission-free trading for stocks, ETFs, and cryptocurrencies, including options trading. To enable options trading, you need to have a Robinhood account and meet certain eligibility requirements. Once you have an account, you can enable options trading by going to the settings section of the app or website and selecting the options trading feature. From there, you can start trading options for cryptocurrencies. It's important to note that options trading involves risks, so make sure to do your own research and consult with a financial advisor if needed.