Robinhood has launched AI trading agents and new features, including perpetual crypto futures and 24/7 trading plans.
Robinhood has announced a major update to its trading platform, integrating AI agents, introducing perpetual crypto futures, and enabling stock trading throughout the week.
The new Robinhood Agents feature allows users to create personalized AI assistants for market analysis, strategy testing, and automated trading, utilizing advanced neural networks, including OpenAI's GPT-Luna model, which will be available free until year-end. Additionally, the platform will introduce a feature called Loops, enabling algorithms to perform tasks like market checks at specific times, even while users are asleep.
Another significant addition is the Agent Apps store, where users can subscribe to premium analytical tools from third-party providers, accessing data on options, social trends, and metrics from over 100 blockchain networks.
In the upcoming months, Robinhood will launch perpetual futures for U.S. clients through a collaboration with Bitstamp, offering trading options in Bitcoin, Ethereum, and several other cryptocurrencies. Users can leverage up to 10x for Bitcoin and Ethereum and up to 3x for other assets, with a low trading fee of 0.01% until the end of the year.
Pending regulatory approval, Robinhood also plans to facilitate continuous trading of stocks and ETFs every day of the week, supported by the Bruce ATS system to ensure liquidity during weekends.
Additional updates include new binary contracts for corporate earnings reports via the Cboe exchange, extended trading hours for options, the ability to place cancelable orders, and the launch of a Robinhood Social network.
In a separate note, it was reported that an on-chain analyst uncovered a significant rug pull scheme involving the Robinhood Chain, where a coordinated group executed 53 token launches over two months, extracting at least $18.43 million.
