The automated trading tool, described as an AI agent, allows Robinhood users to set parameters and have the system trade crypto assets continuously, even outside standard market hours. The firm also introduced perpetual futures contracts on select cryptocurrencies, offering leverage of up to 10x, a product typically favored by experienced traders seeking amplified exposure.
In addition to the AI agent and leveraged perps, Robinhood is extending weekend trading hours for certain assets. The three-pronged initiative is designed to compete with dedicated crypto exchanges and traditional brokerages that have been capturing more frequent, high-volume traders.
The announcement comes at a time when retail brokerage platforms are racing to offer 24/7 trading capabilities and derivatives products to retain users who have migrated to specialised crypto venues. Robinhood's AI agent is positioned as a set-and-forget tool, potentially appealing to investors who cannot monitor markets continuously.