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Can I trade any digital currencies during the premarket hours on Robinhood?

avatarMD FARHAN AHMADDec 17, 2021 · 3 years ago3 answers

Is it possible to trade any digital currencies on the Robinhood platform during the premarket hours? I'm curious if I can take advantage of price movements before the regular trading session begins.

Can I trade any digital currencies during the premarket hours on Robinhood?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, you can trade digital currencies on Robinhood during the premarket hours. This allows you to react to news and events that may impact the market before the regular trading session starts. Keep in mind that the liquidity during premarket hours may be lower, which can result in wider spreads and higher volatility.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Robinhood offers premarket trading for digital currencies, allowing you to buy or sell before the market officially opens. It's a great opportunity to take advantage of any price movements that occur overnight or in response to breaking news. Just be aware that the trading volume may be lower during this time, so exercise caution and set appropriate limit orders.
  • avatarDec 17, 2021 · 3 years ago
    During the premarket hours, Robinhood does allow trading of digital currencies. However, it's important to note that the availability of specific currencies for trading may vary. It's always a good idea to check the Robinhood app for the latest list of available digital currencies during the premarket hours. If you're looking for a wider range of digital currencies to trade during premarket hours, you may want to consider using a platform like BYDFi, which offers a broader selection of cryptocurrencies for trading at any time of the day.