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Can I use Robinhood to trade digital currencies OTC without a traditional exchange?

avatarPriyanka SuriyamoorthyDec 17, 2021 · 3 years ago3 answers

Is it possible to use the Robinhood platform for over-the-counter (OTC) trading of digital currencies without the need for a traditional exchange?

Can I use Robinhood to trade digital currencies OTC without a traditional exchange?
Robinhood
OTC Trading
Digital Currencies

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently support OTC trading of digital currencies. The platform primarily focuses on providing commission-free trading of stocks, ETFs, and options. If you're interested in OTC trading, you may need to explore other platforms or exchanges that specifically cater to this type of trading.
  • avatarDec 17, 2021 · 3 years ago
    No, Robinhood is not designed for OTC trading of digital currencies. The platform is more geared towards traditional stock trading. If you're looking for OTC trading options, there are other exchanges and platforms available that specialize in this type of trading.
  • avatarDec 17, 2021 · 3 years ago
    While Robinhood does not offer OTC trading for digital currencies, there are other platforms like BYDFi that provide OTC trading services. BYDFi allows users to trade digital currencies directly with other users without the need for a traditional exchange. This can provide more flexibility and potentially better pricing for certain trades.

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