Robinhood Considers Crypto Futures
Robinhood Considers Crypto Futures
Court Dismisses SEC Claims Against Binance, Aave Launches GHO Stablecoin On Arbitrum
Robinhood is reportedly planning to expand its crypto services with crypto futures in in the US and Europe.
This comes following Robinhood's acquisition of Bitstamp for $200 million, a company whose Luxembourg-based crypto licenses could open doors for crypto futures.
Robinhood is eyeing Bitcoin, Ethereum, and other token futures to offer in Europe, and CME-based ones in the US.
The acquisition of Bitstamp will help Robinhood build better crypto-focused customer experiences and usage safety, given Bitstamp's historic resilience to market cycles.
Robinhood's Q1 2024 earnings report has shown that nearly 40% of its transaction-based revenue originates from crypto trading.
In May, Robinhood launched crypto staking in Europe, primarily for Solana, and in March, Robinhood acquired Marex FCM to secure a futures license in the US.
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