Robinhood is adding new micro futures contracts for Bitcoin (BTC), Solana (SOL), and XRP, starting June 27th. This means traders can bet on the future price of these cryptocurrencies with smaller investments and lower risk.
Smaller Bets, Bigger Access
The company announced the launch on X (formerly Twitter), highlighting the lower margin requirements and easy-to-use trading platform. This expansion builds on Robinhood’s existing futures offerings, which initially included Bitcoin and Ethereum.
Following the Market
This move follows the CME Group’s launch of XRP futures earlier this year, driven by high investor demand. Robinhood’s VP, JB Mackenzie, stated that this expansion reflects their commitment to providing retail investors with broader access to the futures market.
A Busy Year for Robinhood
Robinhood has been actively expanding its crypto offerings. In May, they acquired Canadian crypto firm WonderFi, and earlier this month, they purchased the Luxembourg-based exchange Bitstamp for approximately $200 million – their largest acquisition to date. These moves show Robinhood’s ambition to become a major player in the global crypto market.
Current Crypto Prices
At the time of writing, Bitcoin is trading around $106,851, Solana at $141.35, and XRP at $2.09.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in any cryptocurrency.
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