How does Robinhood's after hours trading feature work in the context of cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  Robinhood's after hours trading feature allows users to trade cryptocurrencies outside of regular market hours, which are typically from 9:30 AM to 4:00 PM Eastern Time. During after hours, users can place buy or sell orders for cryptocurrencies on the Robinhood platform. However, it's important to note that the availability of specific cryptocurrencies for after hours trading may vary. Some cryptocurrencies may only be available for trading during regular market hours. Additionally, the liquidity and trading volume during after hours may be lower compared to regular market hours, which can result in wider bid-ask spreads and potentially higher volatility. Overall, the after hours trading feature on Robinhood provides users with more flexibility in managing their cryptocurrency investments, but it's important to consider the potential limitations and risks associated with trading outside of regular market hours.
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• Dec 17, 2021 · 3 years ago
  So, here's the deal with Robinhood's after hours trading feature for cryptocurrencies. You know how the regular trading hours are like 9 to 5? Well, this feature allows you to keep trading even after the market closes. It's like having a secret trading club that operates in the dark. But don't worry, it's all legit. You can place orders to buy or sell cryptocurrencies on Robinhood even when the market is closed. However, not all cryptocurrencies may be available for after hours trading. Some may only be tradable during regular market hours. And keep in mind, the trading volume and liquidity may be lower during after hours, so things can get a bit wild. But hey, if you're up for the thrill, go ahead and give it a shot!
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers after hours trading for cryptocurrencies. Similar to Robinhood, BYDFi allows users to trade cryptocurrencies outside of regular market hours. This feature provides users with more flexibility in managing their cryptocurrency investments and allows them to take advantage of market opportunities that may arise outside of regular trading hours. However, it's important to note that the availability of specific cryptocurrencies for after hours trading may vary on BYDFi as well. Additionally, the liquidity and trading volume during after hours may be lower compared to regular market hours. As with any trading activity, it's important to carefully consider the risks and potential limitations associated with after hours trading on BYDFi or any other exchange.
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