Robinhood aims to attract more advanced crypto traders with larger trading volumes in the US and EU by offering low fees and increased leverage for altcoin futures.

The stock and cryptocurrency trading platform has expanded the number of available fee tiers in the US from three to seven, “offering rates as low as 0.03% for high-volume traders,” according to Robinhood. In the EU, users who want to trade perpetual futures will get access to new trading pairs with XRP, SOL, DOGE, and SUI, and certain clients will be able to trade with leverage up to 7x.

For a long time, Robinhood was positioned as a platform for crypto traders more geared toward those with smaller volumes or those looking to get acquainted with cryptocurrency. As a result, traders seeking more advanced features had to switch to another platform, said Johann Kerbrat, Senior Vice President and General Manager of Crypto at Robinhood.
However, now, thanks to lower fees for US clients and broader access to futures in the EU, Robinhood will be able to attract more experienced traders.
With an increased focus on serving crypto-oriented clients in recent years, Robinhood has steadily grown its transaction revenue. In the third quarter, total transaction revenue increased by 129% compared to the same period last year, “mainly due to crypto revenue of $268 million, which grew by more than 300%,” the company reported.

In this regard, Kerbrat noted that market shocks, including the sudden October crash, prompted traders to switch from other exchanges to the regulated Robinhood.

Among other features announced by Robinhood on Monday is ETH and SOL staking for clients in New York.