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How can I trade cryptocurrencies after hours on Robinhood?

avatarKalyan NaiduDec 29, 2021 · 3 years ago3 answers

I want to know how I can trade cryptocurrencies on Robinhood outside of regular trading hours. Can I still buy and sell cryptocurrencies on Robinhood after the market closes? What are the options available for trading cryptocurrencies after hours on Robinhood?

How can I trade cryptocurrencies after hours on Robinhood?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, you can trade cryptocurrencies on Robinhood after hours. Robinhood offers extended trading hours for cryptocurrencies, allowing you to buy and sell even when the market is closed. This can be convenient for traders who want to take advantage of price movements that occur outside of regular trading hours. However, it's important to note that the liquidity and trading volume may be lower during after-hours trading, which can result in wider spreads and potentially higher volatility. Make sure to carefully consider the risks before trading cryptocurrencies after hours on Robinhood.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Robinhood allows you to trade cryptocurrencies after hours. This means that you can buy and sell cryptocurrencies even when the regular market is closed. It's a great feature for those who want to react quickly to market news or take advantage of price movements that happen outside of regular trading hours. Just keep in mind that the trading volume may be lower during after-hours trading, so the prices may be more volatile and the spreads wider. Make sure to do your research and understand the risks before trading cryptocurrencies after hours on Robinhood.
  • avatarDec 29, 2021 · 3 years ago
    Yes, you can trade cryptocurrencies after hours on Robinhood. However, it's important to note that Robinhood uses a third-party service called BYDFi to facilitate after-hours trading. BYDFi allows Robinhood users to trade cryptocurrencies outside of regular market hours. This means that you can buy and sell cryptocurrencies on Robinhood even when the market is closed. Just be aware that the liquidity and trading volume may be lower during after-hours trading, which can result in wider spreads and potentially higher volatility. Make sure to consider the risks before trading cryptocurrencies after hours on Robinhood.