Litecoin and Bitcoin Cash, Now on Robinhood Crypto

You can now invest commission-free in Litecoin and Bitcoin Cash


Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other cryptocurrencies beyond Bitcoin and Ethereum. We’re happy to share that starting today, you can buy and sell Litecoin and Bitcoin Cash, commission-free.

We’re working hard to make Robinhood Crypto available to everyone, and it’s currently available in 17 states: AZ, CA, CO, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA, TX, UT, VA, and WI. We also plan to further expand our coin offerings and add support for coin transfers.

In the meantime, everyone on Robinhood can monitor market data, read cryptocurrency news, and create price alerts for 16 coins: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Ethereum Classic, Zcash, Monero, Dash, Stellar, Qtum, Bitcoin Gold, OmiseGo, NEO, Lisk, and Dogecoin.

Thank you for all of your enthusiasm and product feedback, especially over the past several months. Together, we’ve reached over 5 million people across the entire Robinhood platform, and we look forward to sharing Robinhood with millions more so everyone can participate in the financial system.

You can learn about Litecoin and Bitcoin Cash on our Help Center.

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Introducing Multi-Leg Options Strategies

Unlock More Potential with Advanced Options Strategies


Last December, we launched a more intuitive, cost-effective way for you to trade options. This was an important step in enabling you to easily manage all of your investments in one place. Since then, we’ve transacted over $2 billion in options premium volume, and we’re becoming one of the biggest options-trading platforms.  

Today, we’re introducing multi-leg options strategies on Robinhood, improving the options trading experience, and giving you more control over your investments. You can now trade multi-leg options strategies in a single order, and monitor these contracts together, commission-free.

Multi-leg options strategies have been one of the most frequently requested features by options investors on Robinhood. With multi-leg, you can trade Level 3 strategies such as iron condors, straddles, strangles, call and put debit spreads, and call and put credit spreads more efficiently, invest at a lower risk, and with less capital requirements. 

You can also monitor and close your options positions on Robinhood Web. In the near future, we’ll be bringing all options features available on the Robinhood App, to Web.


Here’s a quick overview of options trading on Robinhood:

  • Commission-free, always: No commission and no per contract fee upon buying or selling options, as well as no exercise or assignment fees. On other platforms, options traders pay up to $6.95 + $0.75 per contract and up to $19.99 upon exercising and assignment.
  • Discover: This feature guides you through placing options trades. To help facilitate the decision making process, we removed unnecessary jargon, and added educational resources to help you learn how to buy a call or a put, the associated risks, and more. Soon, we’ll also automatically surface the most common options strategies in the market, simplifying the otherwise cumbersome options trading experience.
  • Intuitively designed: We redesigned the options trading experience by replacing traditional, complicated options tables with a more intuitive design, highlighting the most important information.
  • Stay informed: Market data for options investors streams in real-time, keeping you in the loop on the latest.

Trade Options on Robinhood

To get started, download the latest version of Robinhood from the App Store or Google Play, and sign up for options trading. More information about options trading can be found in the Help Center, and in the options risk disclosure document.

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See What We’ve Been Building For You

Web, Crypto, Options, & More

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We continuously strive to improve our products to provide you with the best experience, and empower people to participate in the American financial system. Here’s an update on the progress we’ve made over the past few months to deliver on this promise.

New Tools on Web

Just like on the Robinhood App, you can now track and invest in Bitcoin and other cryptocurrency on Web. You can also monitor and close your options positions, with additional options functionality coming soon.

Collections, Now on the Robinhood App

We’re thrilled to bring one of your favorite Web features, Collections, to the Robinhood App. Collections help you discover new stocks organized by sectors such as “Oil and Gas,” “Entertainment,” and “Social Media,” as well as curated categories such as “Female CEOs.”

Robinhood Crypto

  • More States: Over the past few months, we’ve launched cryptocurrency trading in 13 states (AZ, CA, CO, FL, MA, MI, MS, MO, MT, NM, PA, UT, WI) and look forward to making cryptocurrency trading available in more states.
  • Feed: Share instant status updates when you buy or sell Bitcoin or Ethereum in the Robinhood App, or simply tune in to the discussion to stay on top of what’s happening in the cryptocurrency world.
  • Price Alerts: We’re rolling out real-time push notifications to alert you of significant price swings for tradeable cryptocurrency on your Watchlist.

Robinhood Options

We recently released Discover, a feature that guides investors through placing options trades. To help facilitate the decision making process we removed unnecessary jargon, and added educational resources to help you learn how to buy a call or a put, the associated risks, and more.

So, What’s Next?

Over the next couple months, we’ll be launching new tools for options trading across our platform such as more advanced options strategies, and more comprehensive discovery tools to support them. Robinhood Crypto will continue to launch in more states, and you’ll be able to track and invest in additional coins. You’ll also be able to better keep track of and manage your stock referrals on Web.

We don’t want to spoil all the surprises, so check back here or on Twitter @RobinhoodApp for the latest.

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Robinhood Raises $363 Million to Expand Product Lineup

The Series D Funding Was Led by DST Global

At Robinhood, we’re guided by the belief that America’s financial system should work for everyone – not only the wealthy. In the past few months, we launched more products to further our mission of democratizing financial services, and brought your investments together on one platform. We released a web platform with research and discovery tools, introduced commission-free options trading, and launched Robinhood Crypto, with commission-free cryptocurrency trading, now available in 10 states (CA, MA, MO, MT, CO, MS, WI, NM, FL, and MI).

Our platform has also grown significantly, reaching over four million users, cementing Robinhood Financial as one of the fastest-growing brokerages ever.

On the heels of this growth, we recently raised $363 million in capital, valuing Robinhood at $5.6 billion. The Series D round of funding was led by DST Global, with participation from new investors Iconiq, Capital G, Sequoia Capital, and Kleiner Perkins. Existing investors included NEA and Thrive Capital.

We’ll deploy the capital by accelerating our product expansion even more, investing in our infrastructure and operations, and hiring more world-class talent to join us along the way.

Stay tuned for updates on new products and features, as well as trading availability for Robinhood Crypto.

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Robinhood Crypto Trading Is Here

Invitations to trade cryptocurrencies are rolling out now

Check your inbox, because the first set of Robinhood customers can buy and sell Bitcoin and Ethereum with Robinhood Crypto, starting today. All your investments, commission-free, on one platform.

We are gradually rolling out access to Robinhood customers residing in California, Massachusetts, Missouri, Montana, and New Hampshire, and look forward to releasing crypto trading functionality in many more states later. In the meantime, all investors on Robinhood can monitor and track market data for 16 cryptocurrencies.

With today’s trading launch, we’re also announcing Robinhood Feed – a brand new way to discuss cryptocurrencies, news, and market swings, in real-time with other investors on Robinhood. Feed is available to a limited number of people on the platform and will evolve based on your, well, feedback.

Over the past few weeks, we’ve been overwhelmed by the enthusiasm towards Robinhood Crypto and are excited to contribute to the cryptocurrency community in a meaningful way. Together, we reached four million users and well over $100 billion in transaction volume on our brokerage platform, leading to over $1 billion in commissions saved in equity trades. With the release of Robinhood Crypto, we’re continuing our mission of making the financial system work for everyone, not just the wealthy.

Look out for rollout and other updates on here and on our Twitter @RobinhoodApp.

Don’t Sleep. Get Early Access

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Don’t Sleep

Introducing Bitcoin & other cryptocurrencies on Robinhood Crypto

Today, cryptocurrencies are coming to the Robinhood platform. We believe that cryptocurrencies have the potential to fundamentally reorganize the way money works from the ground up, putting power previously held by financial institutions directly in the hands of the people.

We saw an opportunity to build a better experience to trade cryptocurrencies, one where you can invest commission-free in cryptocurrencies alongside stocks, ETFs, and options, track different coins, and read market news. Meet Robinhood Crypto and get early access here.

Better Together

  • You can now monitor and invest in cryptocurrencies, options, stocks, and ETFs, all on the same platform.

Instant Deposits

  • Bank transfers up to $1,000 will be instantly available in your account to trade cryptocurrencies. Any additional funds transferred will land in your account via the normal ACH transfer system.


  • We strive to offer all our services at the lowest price possible. Robinhood Crypto is no different. Stop paying exorbitant fees when you invest in cryptocurrencies.

Secure & Established Platform

  • Robinhood is a secure platform trusted by millions of Americans.

Here’s what to expect today and next month


Starting today, you can add the 16 cryptocurrencies below to your watchlist, monitor market data, read cryptocurrencies news, and create custom price alerts.

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Litecoin
  • Ripple
  • Ethereum Classic
  • Zcash
  • Monero
  • Dash
  • Stellar
  • Qtum
  • Bitcoin Gold
  • OmiseGo
  • NEO
  • Lisk
  • Dogecoin


Next month, round-the-clock, commission-free cryptocurrency trading comes to the Robinhood platform. Trading will be limited to Bitcoin (BTC) and Ethereum (ETH), with more coins tradeable later. Trading functionality for BTC and ETH will be released gradually in waves to Robinhood residents in California, Massachusetts, Missouri, Montana, and New Hampshire. Robinhood Crypto will be available in more states soon.

Don’t Sleep. Get Early Access

We’ll have more updates in February. In the meantime, we can’t wait to hear your feedback on what you like, what you want more of, and what we can do differently.

The Robinhood Team

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