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Robinhood expanded his set for trading with futures adding contracts for micro futures XRPSolana (Sol) and bitcoin (BTC), according to the announcement 27. June.
Broaching with zero commission said that new products offer requirements for lower margins and trouble -free implementation through their commercial ladder interface.
Each futures Micro XRP is 2,500 XRP, about $ 5,200 at current market prices, while similar specifications apply to Micro Futures Solana and Bitcoin.
The launch is monitored by the January partnership of Robinhood with CME Group to integrate widely traded futures into its mobile application to simplify access to retail investors.
Cme debut Futures XRP In May, generating $ 542 million in the monthly volume, with futures Solana emerged at the beginning of this year.
Robinhood began to offer futures last October, initially focused on traditional markets such as oil and index S&P 500. This expansion to crypto futures reflects its wider ambition become a complex platform for business and financial services.
Since the addition of crypto trading in 2018, Robinhood has accelerated its digital assets strategy and now presents over 26 chips in the US and almost 50 in Europe.
The company’s revenues in the first quarter showed that the income of crypts contribute more than 43% of the total transaction -based incomeStrengthen assets as the main growth driver.
At the beginning of this month, Robinhood completed his $ 200 million acquisition BitsampObtaining institutional infrastructure and expanding global reach to support their cryptological offers.
Ceo Vlad Tenev These movements framed as central for building a “financial super application” that integrates investments, banking and personal financial instruments driven AI for users of the gene Z and millennia.
The aim of adding futures Micro XRP, Solana and Bitcoin Futures is to satisfy retail traders looking for a crypto exposition with smaller capital commitments, emphasizing the pressure of Robinhood to capture the market derivatives of digital asset derivatives.
