Yes, you can buy Ethereum options on Robinhood. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum’s blockchain is the most widely used blockchain in the world. It is a public, permissionless blockchain that anyone can access and use.
The Ethereum blockchain is powered by the native cryptocurrency, Ether (ETH).
ETH is the second-largest cryptocurrency by market capitalization and is used to pay for gas, the fees charged for processing transactions on the Ethereum blockchain.
Options are a type of derivative contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date. Options are traded on exchanges and can be bought and sold OTC (over-the-counter).
Ethereum options are settled in ETH, meaning that at expiration, the option holder will receive ETH if the option is in-the-money, or they will pay ETH if the option is out-of-the-money.
Robinhood is a commission-free stock trading platform that also offers crypto trading. Robinhood launched crypto trading in February 2018 with 4 coins: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
In May 2019, Robinhood added support for Ethereum Classic (ETC).
You can trade ETH options on Robinhood with expirations from 1 day to 3 months. Robinhood does not charge commissions for options trades.