common-close-0
BYDFi
Trade wherever you are!

Why can't I trade options on Robinhood for cryptocurrencies?

avatarJaffar tayarDec 24, 2021 · 3 years ago3 answers

I'm trying to trade options on Robinhood, but I can't find any options for cryptocurrencies. Why is that?

Why can't I trade options on Robinhood for cryptocurrencies?
Cryptocurrencies
Options Trading
Robinhood

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Options trading on Robinhood is currently only available for stocks and ETFs. Cryptocurrencies are not included in the options trading feature. This limitation may be due to the unique nature of cryptocurrencies and the associated risks. However, Robinhood may consider adding options trading for cryptocurrencies in the future.
  • avatarDec 24, 2021 · 3 years ago
    Unfortunately, Robinhood does not offer options trading for cryptocurrencies at the moment. This means that you cannot trade options contracts on cryptocurrencies like Bitcoin or Ethereum using Robinhood's platform. However, there are other cryptocurrency exchanges that do offer options trading, so you may want to explore those alternatives if you're specifically interested in trading options on cryptocurrencies.
  • avatarDec 24, 2021 · 3 years ago
    As an expert in the field, I can tell you that BYDFi, a digital currency exchange, does offer options trading for cryptocurrencies. You can trade options on popular cryptocurrencies like Bitcoin and Ethereum on BYDFi's platform. Keep in mind that options trading involves risks, so make sure you understand the market and the specific risks associated with options trading before getting started.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions