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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 is set to offer US traders 10x leverage on Bitcoin and Ether a day after the crypto market saw $478 million in liquidations.
The SEC has approved the first triple-leveraged ETPs tied to Bitcoin and Ether, alongside similar products for gold, silver, crude oil and natural gas…