Robinhood eyes crypto futures in US and Europe

Robinhood eyes crypto futures in US and Europe


Key Takeaways

Robinhood considers offering crypto futures in US and Europe after Bitstamp acquisition.
Global crypto derivatives market volume reached $3.69 trillion in May, surpassing spot trading.

Share this article

Robinhood ]is exploring the possibility of offering crypto futures in the US and Europe in the coming months, as reported by Bloomberg citing sources familiar with the matter.

itrust

Following the anticipated closure of its $200 million Bitstamp Ltd. acquisition next year, Robinhood aims to leverage the Luxembourg-based crypto exchange’s licenses to provide perpetual futures for Bitcoin and other tokens in Europe. The company is also considering launching CME-based futures for Bitcoin and Ether in the US.

“We have no imminent plans to launch these offerings,” stated a Robinhood spokesperson to Bloomberg. The sources, who requested anonymity due to the confidential nature of the plans, indicated that discussions are ongoing and final decisions have not been made.

The global crypto derivatives market currently surpasses spot trading in volume. CCData reports that in May, spot trading volumes on centralized exchanges reached $1.57 trillion, while monthly derivatives volume hit $3.69 trillion. The demand for futures has increased since the approval of US Bitcoin exchange-traded funds at the start of the year.

Robinhood has been expanding its crypto strategy despite receiving a Wells notice from the US Securities and Exchange Commission. In June, the company agreed to acquire Bitstamp, with the deal expected to close in the first half of 2025. Additionally, Robinhood purchased Marex FCM in March, obtaining the necessary license to offer futures in the US.

Share this article



Source link

[wp-stealth-ads rows="2" mobile-rows="3"]

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

#GlobalNewsIt
Coinmama
#GlobalNewsIt
Robinhood eyes crypto futures in US and Europe
Follow Crypto Briefing on Google News
itrust
Follow Crypto Briefing on Google News
Follow Crypto Briefing on Google News
Changelly
Aptos integrates Chainlink for verifiable data
Circle joins Ripple, Coinbase to support Trump’s inaugural committee
4 altcoins to consider buying now
Weekly Price Analysis: The Market Recovers from Technical Selloff
Robinhood hints crypto reward for users tonight
DePIN Revenue Grows Over 100x in 2024, Messari Research Shows 
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
LlamaIndex goes beyond RAG so agents can make complex decisions
Ethereum and Solana staking no longer classified as collective investment schemes in the UK
2025’s Stablecoin Shifts: Massive Outflows for Tether, Big Gains for USD0 and USDX
Ripple’s Survey Signals Massive Blockchain Payment Adoption Across Middle East and Africa
Aptos integrates Chainlink for verifiable data
LlamaIndex goes beyond RAG so agents can make complex decisions
Ethereum and Solana staking no longer classified as collective investment schemes in the UK
2025’s Stablecoin Shifts: Massive Outflows for Tether, Big Gains for USD0 and USDX
Ripple’s Survey Signals Massive Blockchain Payment Adoption Across Middle East and Africa
bitcoin
ethereum
tether
xrp
bnb
solana
dogecoin
usd-coin
cardano
staked-ether
bitcoin
ethereum
tether
xrp
bnb
solana
dogecoin
usd-coin
cardano
staked-ether