Robinhood's latest update for its Android app now includes stop-loss and stop-limit orders, giving cryptocurrency traders more control over their investments. This move brings the Android platform in line with iOS, enhancing trading capabilities across all U.S. territories.

Robinhood Enhances Android App with Stop-Loss, Stop-Limit Orders

The Android version of the cryptocurrency trading platform Robinhood now offers new features, such as stop-loss and stop-limit orders.

According to Coingape, now that both iOS and Android users can establish automated actions based on price action, risk can be reduced, thanks to this upgrade.

Android Traders Get Advanced Crypto Tools with Robinhood Update

With the addition of new order types to the Robinhood Android app, consumers now have greater control over their cryptocurrency trading activity. Traders can now set up automatic sell or purchase orders at specified price levels with the latest addition to the Android app: stop-loss and stop-limit orders.

These tools are designed to help traders do something that was previously impossible on the Android app: lock in profits or minimize losses. By adding these order kinds, the Android app's feature set is brought up to par with the iOS app's, giving users a consistent experience across all platforms.

Integral to Robinhood's plan to meet the growing demand from retail investors for cryptocurrency services is the introduction of these additional features. Both novice and experienced investors, particularly those with an interest in the cryptocurrency market, have taken notice of the company's zero-fee transaction concept.

As a result, the platform's users will most likely welcome this change since the platform's user base is consistently growing.

Robinhood Crypto added the US Virgin Islands and Puerto Rico to its list of supported US territories in July. With this expansion, users from any U.S. territory can now trade fifteen different cryptocurrency assets on the site. This includes Ethereum and Bitcoin, two of the most popular options.

Robinhood Expands Crypto Trading to All U.S. Territories

It now has a leg up on big American rivals like Coinbase and KIn thanks to this change. With the addition of the US Virgin Islands and Puerto Rico in July, Robinhood Crypto's service area grew to encompass three additional US territories.

This allows customers across the United States to trade fifteen different cryptocurrencies, including market leaders like Bitcoin and Ethereum.