Robinhood launches Robinhood Legend for larger, more active traders

BlockBeats news, on October 17, stock and cryptocurrency trading platform Robinhood launched Robinhood Legend, a desktop platform for active traders. The product provides users with advanced charting tools for traders who want to conduct detailed analysis of stocks.

In addition to the launch of Legend, Robinhood also stated that it will soon add futures trading and index options to its mobile platform. According to the press release, customers must be approved to trade futures contracts, and futures and index options will eventually be added to Legend.

These new features of Robinhood indicate that the company is looking to move beyond its roots as a platform that facilitates small transactions. The company's rise coincides with the "meme stock" phenomenon in early 2021, when retail trading surged in the wake of the Covid-19 pandemic.