Cryptocurrency Q&A
Can I use Robinhood margin for Crypto?
Can I use Robinhood margin for Crypto?
NebulaNavigator
Wed Dec 25 2024
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5 answers
941
I'm wondering if it's possible to utilize Robinhood's margin trading feature specifically for cryptocurrency transactions. I'm looking to trade crypto using borrowed funds from Robinhood.
5 answers
GinsengBoostPower
Fri Dec 27 2024
Cryptocurrency possesses unique characteristics that distinguish it from traditional financial assets.
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CryptoEmpire
Fri Dec 27 2024
One significant aspect is that crypto is non-marginable, meaning it cannot be used as leverage to increase the size of a trade.
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GeishaCharm
Fri Dec 27 2024
As a result, investors must have sufficient funds in their accounts to place an order, as they cannot rely on borrowing additional capital through margin.
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DigitalTreasureHunter
Fri Dec 27 2024
Another crucial consideration is that crypto cannot be counted as collateral for loans or other financial transactions.
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PearlWhisper
Thu Dec 26 2024
This further emphasizes the need for investors to maintain adequate equity in their accounts to meet any margin requirements. If an investor does not have enough equity, they will be unable to reach their margin minimum and will be unable to trade on margin.
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