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Robinhood is set to offer US traders 10x leverage on Bitcoin and Ether a day after the crypto market saw $478 million in liquidations.
Robinhood just handed US traders the ability to control 10 times their money in Bitcoin and Ether, and the timing could not be more loaded. With hundreds of millions already wiped out in a single day of crypto liquidations, the question is whether this move stabilizes the market or lights a fuse.
Robinhood's CEO is confident that people will bet on crypto market predictions even more than they bet on sports.