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Robinhood Introduces Cryptocurrency Trading API to Improve Market Accessibility — TradingView News
Robinhood introduced the Crypto Trading API, a service that allows users to create their own trading programs and use algorithms to execute trades. This offering aims to streamline trading processes and allow users to diversify their strategies, catering to experienced and new traders exploring the market.
24-hour accessibility
Robinhood’s API allows users to automatically engage in 24-hour trading for flexibility and responsiveness to market movements regardless of time zone. Unlike traditional stock markets, the cryptocurrency market operates 24/7, presenting unique challenges and opportunities.
According to Robinhood, the introduction of the Crypto Trading API fosters a collaborative environment where users can share their code and trading strategies with others. This exchange of knowledge and expertise aims to enrich the business community by enabling individuals to learn from the experiences and insights of others.
Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, said: “With our new cryptocurrency trading API, we are helping customers unlock the full potential of Robinhood Crypto with precision and security. Robinhood Crypto has continued to see its market share will increase as customers gain access to an increasing number of advanced trading tools to help them efficiently navigate the cryptocurrency market.”
The Robinhood cryptocurrency trading API is now live 🔥
Developers and traders can now set up advanced, automated trading strategies, react to market movements, and simply trade cryptocurrencies. All without opening the app.https://t.co/mw8ct9bZqv pic.twitter.com/wQtPB48wLP
The company has highlighted security as a top priority and is committed to providing a safe business environment for its customers. By visiting the Robinhood API Credential Portal, users can create credentials and receive the API key associated with their accounts, unlocking access to API features.
Robinhood expands offers
This month, Robinhood introduced a cryptocurrency staking service exclusively for European customers, starting with the Solana blockchain. The company also launched its cryptocurrency investment app in three European countries: Italy, Poland and Lithuania. This expansion aims to meet local demand for crypto services, with these countries having the highest number of Robinhood Crypto app downloads on the continent.
Bitcoin, Dogecoin, Solana and Ethereum are the cryptocurrencies of choice among European users, as demonstrated by robust trading volumes since the platform’s launch in Europe six months ago.
Despite regulatory uncertainties, Robinhood’s crypto ventures have proven profitable. Recent reports indicate a substantial increase in cryptocurrency-related revenue, driven by the surge in trading volumes. However, regulatory challenges persist following a potential enforcement action by the U.S. Securities and Exchange Commission against Robinhood’s cryptocurrency trading division.