Robinhood Launches DOGE and SUI Perpetual Contracts with 7x Leverage

According to its official announcement, Robinhood EU has added Dogecoin and Sui perpetual contracts, offering traders the opportunity to use up to seven times leverage.

DOGE
SUI

Summary

Robinhood EU officially announced on November 12 the launch of perpetual contracts for Dogecoin (DOGE) and Sui (SUI) with leverage up to 7x. These crypto derivatives allow traders to maintain open positions indefinitely without an expiry date. The move expands Robinhood’s offerings in the cryptocurrency derivatives market, providing enhanced trading options for users within the EU region.

Terms & Concepts
  • Perpetual Contracts: A type of futures contract with no expiry date, allowing traders to hold positions indefinitely while tracking the underlying asset's price.
  • Leverage: Using borrowed funds to increase trading exposure, potentially amplifying both gains and losses.
  • Sui: A layer-1 blockchain network focused on scalability and low-latency transactions.