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Robinhood Plans to Launch Crypto Futures, Entering US and European Markets - AdminSo
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Robinhood Plans to Launch Crypto Futures, Entering US and European Markets

Blockchain 2024-07-04 10:59:10 Source:

Robinhood Plans to Launch Crypto Futures, Entering US and European MarketsSources familiar with the zero-commission investment and trading platform's plans have revealed that Robinhood Markets Inc. is considering launching cryptocurrency futures in the United States and Europe in the coming months

Robinhood Plans to Launch Crypto Futures, Entering US and European Markets

Sources familiar with the zero-commission investment and trading platform's plans have revealed that Robinhood Markets Inc. is considering launching cryptocurrency futures in the United States and Europe in the coming months. This move would mark the company's entry into the cryptocurrency derivatives market.

According to the sources, Robinhood intends to utilize its acquisition of the cryptocurrency exchange Bitstamp to drive this initiative. Robinhood announced the $200 million acquisition of Bitstamp earlier this year, with the transaction expected to close next year. Through Bitstamp's cryptocurrency trading licenses in Europe, Robinhood will be able to offer perpetual futures for Bitcoin and other tokens in the European market.

Beyond the European market, Robinhood also plans to introduce CME-based Bitcoin and Ethereum futures in the United States. This move will allow US users to trade CME's cryptocurrency futures contracts through the Robinhood platform.

This news indicates that Robinhood is actively exploring the cryptocurrency space and aims to attract more users by offering a wider range of products and services. While Robinhood has not yet publicly confirmed these plans, the news has already garnered considerable attention within the industry.

As the cryptocurrency market continues to evolve, more financial institutions are joining the space. Robinhood's initiative will further promote the widespread adoption of cryptocurrency trading and could also bring new competition to the cryptocurrency derivatives market.

Tag: Robinhood Plans to Launch Crypto Futures Entering US and


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