Robinhood expanded its futures buying and selling suite by including micro futures contracts for XRP, Solana (SOL), and Bitcoin (BTC), in response to a June 27 announcement.
The zero-commission brokerage mentioned the brand new merchandise supply decrease margin necessities and seamless execution by way of its buying and selling ladder interface.
Every micro XRP futures contract represents 2,500 XRP, roughly $5,200 at present market costs, with related specs utilized to the Solana and Bitcoin micro futures.
The launch follows Robinhood’s January partnership with CME Group to combine extensively traded futures into its cell app, aiming to simplify entry for retail traders.
CME debuted XRP futures in Could, producing $542 million in month-to-month notional quantity, with Solana futures rolled out earlier this yr.
Robinhood started providing futures final October, initially targeted on conventional markets similar to oil and the S&P 500 index. This enlargement into crypto futures displays its broader ambition to turn out to be a complete buying and selling and monetary providers platform.
Since including crypto buying and selling in 2018, Robinhood has accelerated its digital asset technique, now itemizing over 26 tokens within the U.S. and practically 50 in Europe.
The agency’s first-quarter earnings confirmed crypto revenues contributing greater than 43% of complete transaction-based earnings, reinforcing the asset class as a core progress driver.
Earlier this month, Robinhood accomplished its $200 million acquisition of Bitstamp, gaining institutional infrastructure and increasing world attain to assist its crypto choices.
CEO Vlad Tenev has framed these strikes as central to constructing a “monetary tremendous app” that integrates investing, banking, and AI-powered private finance instruments for Gen Z and millennial customers.
The addition of micro XRP, Solana, and Bitcoin futures goals to cater to retail merchants in search of leveraged crypto publicity with smaller capital commitments, underscoring Robinhood’s push to seize market share in digital asset derivatives.
