Robinhood to launch AI agents, 10x leverage crypto perpetual contracts, and weekend US stock trading

PANews reported on September 30, citing CoinDesk, that Robinhood will launch AI agents capable of executing trades, crypto perpetual contracts with up to 10x leverage, and weekend US stock trading. The company has also extended options trading hours, provided more intraday margin support, and added new contract products that allow users to trade based on corporate earnings metrics. Robinhood Agents allows customers to create AI agents in-app, choose OpenAI or Anthropic models, and authorize them to access a separate trading account; the agents can analyze markets, build watchlists, and trade stocks, options, and crypto assets. A feature called Loops allows customers to give agents long-term instructions to monitor markets and execute strategies when specific conditions arise. Since opening its trading infrastructure to external AI agents earlier this year, more than 150,000 agent accounts have been created. By default, every trade proposed by an agent requires customer approval, and users can turn off this protection; agents cannot use margin at launch and can only access funds in a dedicated account.

On the perpetual contracts front, Robinhood plans to offer them to eligible US customers through Robinhood Derivatives and Bitstamp, initially focused on crypto assets, with leverage of up to 10x for Bitcoin and Ethereum contracts and starting at 3x for other supported assets. In addition, Robinhood will offer earnings binary contracts through Cboe, allowing customers to directly trade on whether a company meets metrics such as revenue and earnings per share; weekend trading will be offered through Bruce ATS for select stocks and ETFs.