BREAKING: Robinhood Considers Launching Crypto Futures in US and Europe
Robinhood Markets is reportedly exploring the introduction of cryptocurrency futures trading in the US and Europe.
This move is part of a broader strategy to diversify its offerings and leverage recent acquisitions to enhance its position in the competitive crypto market.
Cryptocurrency trading platform Robinhood is reportedly considering listing crypto futures in the US and Europe.
According to a Bloomberg report , the platform aims to introduce futures trading “in the coming months.” This ambitious plan involves leveraging the licenses acquired from its $200 million purchase of the Bitstamp crypto exchange, which is expected to close next year.
Once its $200 million acquisition of Bitstamp Ltd. closes next year, Robinhood is hoping to use the Luxembourg-headquartered crypto exchange’s licenses to offer perpetual futures for Bitcoin and other tokens in Europe.
— Tree News (@News_Of_Alpha) July 2, 2024
Utilizing Bitstamp’s licenses would enable Robinhood to offer perpetual futures for Bitcoin and other digital assets. The strategic expansion into the futures market reflects Robinhood’s commitment to diversifying its offerings and staying competitive.
Anonymous sources have indicated the company’s interest in launching CME-based futures for Bitcoin (BTC) and Ethereum (ETH).
However, a spokesperson for Robinhood stated, “We have no imminent plans to launch these offerings,” suggesting that while discussions are ongoing, the final plans are not yet set.
The consideration of listing crypto futures comes amid a significant increase in demand for crypto derivatives. Since the approval of spot Bitcoin ETFs in January, derivatives trading volumes have surged, reaching $3.69 trillion, significantly higher than centralized
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